News from Iran World Israel News OCT 28, 2025

Tehran erupts in panic after leading private bank declares bankruptcy

Analysts estimate Ayandeh’s bad loans amount to nearly 2 percent of Iran’s GDP, much of it linked to politically connected firms.

Panic erupted across Tehran on Saturday after one of Iran’s largest private financial institutions officially declared bankruptcy.

Founded in 2012, Ayandeh Bank operated more than 270 branches nationwide, including 150 in Tehran, and held billions in savings for ordinary Iranians and small businesses.

According to Iranian state media, the bank had accumulated $5.2 billion in losses and $2.9 billion in debt before regulators stepped in.

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