License of Bank Saderat Iran in Lebanon Revoked

The Central Bank of Lebanon has revoked the operating license of this Iranian bank; a decision raised after a request from American officials, though its practical impact is significant given the bank's limited activity in the country.

Ambassador Arjan: The Central Bank of Lebanon has canceled the operation license of this Iranian bank. The decision was made after the request of the American authorities, but its practical dimensions are significant considering the limited activity of the bank in this country.

The Central Bank of Lebanon has canceled the license of Bank Saderat Iran to operate in this country.

Before this, the US Treasury Secretary, in a meeting with the Lebanese government officials, demanded cooperation to close Saderat Bank of Iran and revoke its license.

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However, this bank did not have extensive activity in Lebanon and its relationship with the Lebanese banking system was not effective either. According to reports, the activity of those years has been mostly limited at the level of an exchange.