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TMSF Announces Liquidation and Bankruptcy Process for Bank Mellat
Summary by Bazaar Times
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4 Articles
A statement came from TMSF regarding Bank Mellat, whose operating permit was revoked by BDDK. TMSF, which took over the management of the bank, informed that after the completion of payments to depositors, the direct bankruptcy of the bank will be demanded.
·Ankara, Türkiye
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Following the Banking Regulation and Supervision Agency's (BDDK) decision to revoke the operating license of Iran-based Bank Mellat in Turkey, the process to be carried out by the Savings Deposit Insurance Fund (TMSF) has begun. The TMSF has issued its first statement regarding the Iranian bank.
Economy - The Savings Deposit Insurance Fund (TMSF) has issued a statement regarding Bank Mellat, whose operating license has been revoked.
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