Decision on Bank Mellat from the BRSA: Operating License in Turkey Revoked
The Banking Regulation and Supervision Agency (BRSA) has decided to revoke the operating license of the Iran-based Bank Mellat in Turkey. The decision in question was taken with the board resolution dated September 18 and numbered 11572.
According to the information published in the Official Gazette, the banking activities conducted by the Tehran-based bank in Turkey are being terminated. With the publication of the decision, official steps regarding the bank's operational process in Turkey have been initiated.
Bank Mellat had been providing services in Turkey through its branches for a long time. This decision by the BRSA is being evaluated within the scope of regulations and supervisory processes in the banking sector.
Industry representatives and bank customers are closely following the details of the decision and how the process will proceed. Following this decision taken by the BRSA, it will become clear in the coming days how the process will conclude for the bank's account holders and commercial relations in Turkey.