Turkey has revoked the operating license of Bank Melat's Istanbul branch, according to an official Turkish announcement. The Turkish banking regulator did not disclose the reasons for the decision. Bank Melat has been operating in Turkey for decades

2026-09-19

Turkey has revoked the operating license of Bank Melat's Istanbul branch, according to an official Turkish announcement. The Turkish banking regulator did not disclose the reasons for the decision. Bank Melat has been operating in Turkey for decades and currently has three branches in Istanbul, Ankara, and Izmir. Bank Melat had previously faced similar restrictions in the UK and EU, but those restrictions were eventually lifted.