Iran's Ayandeh Bank Collapses Under Weight of Megaproject
Iran's Ayandeh Bank has been ordered to liquidate after accumulating over $5 billion in debt, largely from high-risk loans to a single megaproject.
#Iran Economy#Banking Crisis#Ayandeh Bank
#Banking Crisis
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Iran Declares Major Private Bank Bankrupt Amid Economic Strain
Iran has declared Ayandeh Bank, one of its largest private banks, bankrupt. The state-owned Melli Bank will absorb its assets amid assurances to depositors.
#Iran#Banking Crisis#Global Economy
Bangladesh Banking Crisis Deepens as Distressed Assets Hit 61%
Distressed assets in Bangladesh's banking sector have surged to Tk11 lakh crore, or 61% of total loans, up from 45% nine months ago, experts reveal.
#Bangladesh#Banking Crisis#Financial Regulation