Bank Ayandeh has been dissolved, and its 5.4 quadrillion rial (approximately 4.7 billion dollars) debt owed by Ali Ansari, along with its outstanding commitments, has been transferred to Bank Melli, which itself has a negative capital adequacy ratio. According to official data, only nine banks in the country are not bankrupt. On Thursday, October 30, … Continue reading The Domino Effect of Bankruptcies in Iran’s Banking Network: Only Nine Banks Are Not Bankrupt