Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Iran's Ayandeh Bank collapsed due to massive losses and debt, absorbed by state lender Melli Bank amid economic turmoil.

flag Iran’s Ayandeh Bank, a major private lender founded in 2012 with 270 branches, has been declared bankrupt and absorbed by state-owned Melli Bank amid a deepening economic crisis. flag The collapse, driven by $5.2 billion in losses, $2.9 billion in debt, and a negative capital adequacy ratio, reflects systemic issues including poor lending practices, sanctions, and inflation. flag The Central Bank confirmed depositors’ savings would be protected, though the move underscores broader instability in Iran’s banking sector, where multiple banks now operate with negative capital ratios.

23 Articles