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Economy

Lebanon cancels the local licence of Bank Saderat Iran

Samir Khoury 1 min read
File photo: a bank branch in Beirut.
File photo: a bank branch in Beirut. Jimmypapas — CC BY-SA 4.0

Lebanon cancelled the local operating licence of Bank Saderat Iran, ending the Iranian lender's authorisation in the Lebanese market. The step lands while Beirut is under pressure to show progress on financial governance ahead of a new IMF programme.

Read the full report at Naharnet.

Source: Naharnet

Tags: #Banking #Iran

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