The Central Bank of Iran has officially begun the Ayandeh Bank transfer to Bank Melli Iran. This action follows years of financial imbalance and regulatory shortcomings at Ayandeh Bank. Moreover, authorities say the transfer aims to protect depositors while stabilizing the banking system. CBI Governor Mohammadreza Farzin explained that Ayandeh Bank has faced two decades of structural problems. Consequently, the bank repeatedly failed to meet central bank standards. Therefore, the resolution process became necessary to maintain trust in Iran’s financial institutions.
All Ayandeh Bank branches will reopen under Bank Melli management starting Saturday. Additionally, customers can continue using their accounts, cards, and online services without any disruption. Farzin emphasized that this transition would be smooth and secure. Furthermore, the Central Bank confirmed that no financial deficits from Ayandeh Bank will affect Bank Melli. Instead, the Deposit Guarantee Fund will assume all assets and liabilities, ensuring that the new management starts on stable grounds.
Employees of Ayandeh Bank will automatically join Bank Melli, maintaining their jobs and benefits. In addition, small shareholders of Ayandeh Bank will have the opportunity to sell their shares at the highest price recorded in the past year. This measure ensures fairness and transparency. Farzin stated that the Ayandeh Bank transfer is part of broader reforms to improve transparency, strengthen financial stability, and enhance public confidence in the banking sector. He also highlighted that resolving long-standing issues in banks is crucial for economic growth.
Moreover, analysts suggest that this move could stabilize Iran’s banking industry by consolidating weaker banks into stronger institutions. They also noted that depositors will benefit from increased security and a more reliable banking environment. The Ayandeh Bank transfer signals a clear commitment by Iranian authorities to enforce stricter financial regulations. Additionally, it demonstrates a focus on protecting customers while maintaining overall banking system health.
As the transition proceeds, both the Central Bank and Bank Melli will continue monitoring operations closely. Their goal is to ensure that all services remain uninterrupted, and public trust is reinforced. In conclusion, the successful transfer marks a key step in Iran’s ongoing banking reforms. By addressing past deficiencies and consolidating operations, the authorities aim to strengthen the country’s financial infrastructure for the future.