The Central Bank of Iran announced that it was dissolving the privately-owned bank Ayandeh Bank and merging it with state-owned Bank Melli. Ayandeh was founded by Iranian businessman Ali Ansari in 2013 through the merger of his privately-owned Tat Bank with two state-linked financial institutions, Salehin Credit Institution and Aatee Credit Institution. Ayandeh Bank grew heavily indebted and became insolvent.