27.10.2025 09:01
Iran's largest bank, Ayandeh Bank, has declared bankruptcy due to a loss of $5.2 billion and a debt of $2.9 billion. Established 13 years ago and having 270 branches, the bank's bankruptcy has led citizens to form long queues in front of the branches. Iran's Minister of Economy, Ali Medenizade, stated that citizens should not panic and assured that "the rights of all depositors will be protected."
Iran has come to the forefront with a development that has shaken the financial sector. Ayandeh Bank, established in 2012 and having 270 branches across the country, declared bankruptcy due to serious financial problems. The bank's total loss is reported to be 5.2 billion dollars, with a debt amount of 2.9 billion dollars.
LONG QUEUES FORMED IN FRONT OF BRANCHES
Following the bankruptcy announcement, long queues formed in front of the branches in the capital, Tehran. Citizens rushed to the banks to withdraw their savings, while the police took security measures against possible disturbances.
STATEMENT FROM THE CENTRAL BANK
The Central Bank of Iran announced that depositors should not worry, stating that deposits are under state guarantee. It was noted that all of the bank's assets have been transferred to the state bank, Melli Bank.
"ALL RIGHTS OF DEPOSITORS WILL BE PROTECTED"
Iran's Minister of Economy, Ali Medenizade, emphasized in his statement that citizens should not panic. Medenizade stated, "All rights of depositors will be protected."