Souaid told Bloomberg the revocation is intended to send a clear signal to the international community that Lebanon is determined to protect its banking sector from risk. The central bank took this step to prevent foreign financial entities from compromising the stability of the national market as the U.S. ramps up its efforts to isolate the Iranian economy.
Tuesday, October 20, 2026
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Lebanon Revokes License of Iran's Bank Saderat to Sever Ties
Geopolitics5 days ago
The domestic financial regulator in Beirut stripped one of the Islamic Republic's most prominent banks of its authorization to operate this week. Governor Karim Souaid removed the license of Bank Saderat to insulate the Lebanese financial system from the risk of contamination by entities linked to Tehran. This action follows intensified pressure from Washington for nations to sever all commercial ties with Iran.
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