Turkey's official gazette said it has revoked the operating licence for Iran's Bank Mellat's Istanbul branch. The Turkish banking regulator did not disclose a reason. Bank Mellat has operated in Turkey for decades and currently maintains three branches in Istanbul, Ankara and Izmir. The bank previously faced similar restrictions in the UK and EU that were later lifted.

2026-09-19

Turkey's official gazette said it has revoked the operating licence for Iran's Bank Mellat's Istanbul branch. The Turkish banking regulator did not disclose a reason. Bank Mellat has operated in Turkey for decades and currently maintains three branches in Istanbul, Ankara and Izmir. The bank previously faced similar restrictions in the UK and EU that were later lifted.