Turkey revokes Mellat Bank’s operating licence

22 September 2026

Turkey revokes Mellat Bank’s operating licenceburakyalcin/Shutterstock.com

Turkey’s Banking Regulation and Supervision Agency (BDDK) has revoked Iranian Mellat Bank’s operating licence in Istanbul. The action was taken under Article 71 of Banking Law No. 5411, which allows a bank’s licence to...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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