Iranian banks set sights on Turkey
After growth restrictions were removed on one Iranian bank already doing business in Turkey, two more have been approved to open branches in the country, Turkish news outlets reported on Tuesday./ Bank Mellat, which has been in Turkey since 1982, faced restrictions in 2012 which led to a decline in its growth due to economic sanctions imposed against Iran. However, the Banking Regulation and Supervision Agency (BDDK) approved expansion requests from Bank Mellat last month in light of the U.S. and the UN Security Council loosening economic ...
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