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Turkey suspends Iranian bank license
The Turkish Banking Regulation and Supervision Agency announced the revocation of the license for the Iranian "Mellat" Bank branch in Istanbul, based on a decision made during the board of directors' meeting, aimed at protecting depositors' rights and maintaining stability in the Turkish financial system. They did not specify any reasons related to operational issues or American pressures, and the decision represents Turkey's move to strengthen control over the banking sector and financial regulatory measures.
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