The collapse of Ayandeh Bank exposes deep cracks in Iran’s financial system, with experts warning more failures could follow amid sanctions and weak oversight.
ERBIL (Kurdistan24) — Iran has declared on Saturday one of its largest private banks, Ayandeh Bank, bankrupt, with its assets absorbed by the state-owned Melli Bank, marking one of the most dramatic collapses in the country’s modern banking history. The move comes as Tehran grapples with renewed international sanctions and mounting economic instability.
Founded in 2012, Ayandeh Bank once operated 270 branches nationwide—150 of them in Tehran—but had recently been crippled by mounting debt.
According to Iran’s ISNA news agency, the bank’s…