Turkey revokes Iranian Bank Mellat’s Istanbul operating licence

Turkey has revoked the operating licence of Iranian Bank Mellat’s Istanbul presence, according to a decision by the Banking Regulation and Supervision Agency published in the Official Gazette.

The BDDK action cites the legal authority available under Turkish banking law. The published decision establishes the regulatory action; it does not by itself substantiate broader claims about the bank’s conduct beyond the grounds stated by the regulator.

Bank Mellat has long operated within a complex sanctions and compliance environment because of its Iranian ownership and international connections. The practical effect on customers and any wind-down arrangements will depend on instructions from Turkish authorities.

Editorial note: Berean News is relying on the regulator and the Official Gazette for the licence decision and legal basis. Any separate allegation remains attributed unless supported by a final official finding.