Iran's Ayandeh Bank Collapses in $5bn Crisis, Sparking Nationwide Panic, Queues
[NigerianEye - Nigeria] - 25/10/2025
Chaos erupted across Iran's capital on Saturday as Ayandeh Bank, one of the country's largest private lenders, was officially declared bankrupt, leaving depositors scrambling in long queues amid fears of losing billions in savings. The collapse, which has saddled the institution with over $5.2 billion in losses, marks a seismic shock to Iran's already fragile, sanctions-ravaged financial system, prompting swift government intervention to absorb its assets into state control.The announcement came late Friday from Iran's Central Bank, which moved to dissolve Ayandeh Bank and transfer its (…)
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