Bank Mellat Istanbul Branch's Operating License Revoked
Following the decision of the Banking Regulation and Supervision Agency, a liquidation process under the supervision of the SDIF will be carried out for the branch whose operating license has been revoked.
In accordance with the decision made by the Banking Regulation and Supervision Agency, the operating license of Bank Mellat Central Tehran Istanbul Turkey Central Branch was revoked and its management was transferred to the Savings Deposit Insurance Fund.
Revocation of the Operating License
With the decision of the Banking Regulation and Supervision Agency dated September 18, 2026, and numbered 11572, the operating license of Bank Mellat Central Tehran Istanbul Turkey Central Branch was cancelled.
The aforementioned decision was taken within the framework of article 71, paragraph 1, subparagraph (b) of the Banking Law No. 5411 and published in the Official Gazette.
Commencement of the Liquidation Process
Along with the decision regarding the revocation of the operating license, the management and audit of the bank were transferred to the Savings Deposit Insurance Fund.
Following this development, the official liquidation process to be carried out by the SDIF within the scope of the provisions of the law has been officially initiated.
Deposit Payments and Bankruptcy Process
During the liquidation process, deposits subject to insurance held at the bank will first be paid to the rightful beneficiaries by the Savings Deposit Insurance Fund.
Upon the completion of deposit payments, the direct bankruptcy of the bank will be requested from the relevant court and the legal procedure will be applied.