Economy
Bank Saderat Iran
An Iranian state-owned bank whose license to operate in Lebanon was revoked by the Central Bank of Lebanon. The move comes amid a US campaign to isolate Tehran financially.
Bank Saderat Iran is an Iranian state-owned bank with branches in several countries. In Lebanon, the Central Bank of Lebanon revoked its license to operate in the local market, removing it from the Lebanese banking sector. The decision comes amid a US campaign to financially isolate Tehran, with uncertainty remaining over the fate of branches, accounts, deposits, and employees.
Written by AI and not yet reviewed by an editor.