Turkey revokes Iran Mehr Bank branch license
The Turkish Banking Regulation and Supervision Authority canceled the license of Melli Bank's branch in Istanbul, based on a law that allows withdrawal of the license if its continued operation poses a risk to depositors or the stability of the financial system. This decision comes in the context of increasing American pressure on Turkey and Iran, as the U.S. Treasury Department imposed sanctions on a Turkish bank and two affiliated companies. Additionally, Turkey and Oman suspended flights operated by Mahan Air Iranian Airline due to American pressures. The move aims to protect depositors' rights and maintain financial system stability, without indicating any specific operational issues.
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