Wall Street Journal: There is a risk of bankruptcy for 5 banks in Iran
The Wall Street Journal, in a report citing statements from officials of the Central Bank of the Islamic Republic of Iran in recent months, has reported on the imminent risk of bankruptcy for Sepah Bank and four other banks in Iran.
According to this report, Sepah Bank, which is one of Iran’s significant financial institutions and is linked to the Islamic Revolutionary Guard Corps, may follow a similar path to Ayandeh Bank and become bankrupt due to high concentration and providing large loans to its affiliated companies and holdings.