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Iran declares major bank bankrupt amid sanctions

image sourced from original article at https://www.israelnationalnews.com/news/416808

Iran has declared Ayandeh Bank, one of its largest private financial institutions, bankrupt amid ongoing economic challenges and renewed international sanctions. The bank, which operated hundreds of branches nationwide, faced billions in losses and debt before its assets were absorbed by the state-owned Melli Bank. Officials have sought to reassure the public that depositors' savings will be protected following the transfer. The collapse comes shortly after the reimposition of international sanctions, highlighting the country's deepening financial crisis.

Original article source: https://www.israelnationalnews.com/news/416808
Source Id: 8925671724

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