Iran's Financial Crisis: Ayandeh Bank Declared Bankrupt as Sanctions Crush Economy
Iran’s financial system is under growing strain as Ayandeh Bank, one of the country’s largest private banks, has been declared bankrupt amid tightening global sanctions, chronic inflation, and a collapsing rial. Founded in 2012 with over 270 branches nationwide, Ayandeh Bank reportedly suffered $5.2 billion in losses and $2.9 billion in debts before its assets were absorbed by state-owned Melli Bank.
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