BaFin declares Bank Sepah’s German branch insolvent after EU sanctions
Germany’s financial regulator BaFin said the German branch of Iran’s state-owned lender Bank Sepah was declared insolvent on Thursday. The action followed EU sanctions, BaFin said.
Germany's financial regulator BaFin said on Thursday that the German branch of Iranian state-owned lender Bank Sepah has been declared insolvent after sanctions. 8592 euros.