Iran Declares Major Private Bank Ayandeh Bankrupt Amid Mounting Debt and Sanctions
This is Beirut, 25/10 17:15 - Reading : 2 minute(s)
Iran declared one of the country's largest private banks bankrupt, with its assets absorbed by the state, official media reported Saturday, in a rare move in the country grappling with international sanctions. Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital, Tehran, alone. But it had ...