- Documents on this bank’s theft, facilitated by the government and the Central Bank in 2023, were previously exposed by Simay-e Azadi.
- According to the documents, Raisi, Ghalibaf, Eje’i, and Farzin had known the details of Ayandeh Bank’s situation for years.
Yesterday, October 25, 2025, Mohammad Bagher Ghalibaf, the speaker of the clerical regime’s parliament, described the dissolution of Ayandeh Bank as “a great success for the country’s decision-making and governance system,” which would not have been possible without the “concern” of Ebrahim Raisi and Masoud Pezeshkian, the “approvals” of the 11th parliament, the “cooperation” of the Judiciary chief and his deputies, and the “diligence” of the Central Bank governor. This is a ridiculous charade staged by the union of the greatest thieves in Iran’s history who, fearing public outrage, seek to create a smokescreen over the true source of the grand theft—namely Ali Khamenei and the IRGC—by dissolving this bank.
This comes as Simay-e Azadi (Iran National Television), on February 21, 2024, published six internal regime documents, leaving no doubt that the regime’s leaders, including Ghalibaf, had been aware of the details of this grand theft for years. These documents reveal just a fraction of the systematic and institutionalized corruption within the entire regime that has pushed the country’s economy to the brink of collapse. The ultimate solution to end systemic and large-scale corruption is the overthrow of this religious dictatorship and the establishment of democracy and popular sovereignty.
Document 1: A ” Secret, Very Urgent” letter from the head of the Majlis Research Center to Ghalibaf regarding “the unhealthy situation of Ayandeh Bank and the need for a solution,” dated December 21, 2022. This document states:
“Granting facilities to the bank’s main shareholder companies, as well as providing facilities to the Iran Mall mega-project, and paying very high-interest rates to depositors with the aim of becoming a ‘Too Big to Fail’ credit institution, has led to an accumulated loss of 90 trillion tomans for Ayandeh Bank in the first half of the Persian year 1401 (2022), which is equivalent to 56 times its registered capital of 1.6 trillion tomans. The bank’s capital adequacy ratio in the first half of 1401 was negative 150 percent (the regulatory standard is a minimum of +8 percent), and its shareholders’ equity was negative 89 trillion tomans in the first six months of 1401. Central Bank reports show that the company owning Iran Mall received facilities from Ayandeh Bank 1,062 times over the legal limit for related-party lending, and the bank’s claims from its own mega-project reached 51 trillion tomans by the end of the Persian year 1400 (March 2022).”
The letter, noting that Ayandeh Bank conceals its losses, adds: “It seems that taking immediate (disciplinary and judicial) actions to stop the trend of indiscipline at Ayandeh Bank and other similar banks is necessary… In this regard, your excellency’s attention and follow-up to stop the indiscipline of unhealthy banks seems to be an undeniable necessity.”
Document 2: An “Urgent, Secret” letter from Javad Shoushtari, “Advisor and Head of the Parliament Speaker’s Office,” to Pour-Ebrahimi Davaran, Chairman of the Majlis Economic Committee, dated December 24, 2022. In this letter, the Majlis Research Center’s report on Ayandeh Bank is sent to Pour-Ebrahimi on behalf of Ghalibaf, stating: “Review this report and reflect and investigate the latest status.”
Document 3: A “Top Secret, Very Urgent” report from the Majlis Research Center about Ayandeh Bank. This report specifies that “by the end of Khordad 1402 (June 2023), Ayandeh Bank had registered an overdraft of 80 trillion tomans from the Central Bank, indicating a high liquidity risk in the bank’s asset portfolio,” and “130 trillion tomans of the outstanding granted facilities and claims from non-governmental persons are of doubtful collection.” The document adds, “Other operating and non-operating incomes have increased 165-fold compared to last year… The continuation of the bank’s activities will yield nothing but an increase in the accumulated loss.” The document further states, “In the four areas of macro facilities and commitments, related-party facilities and commitments, investments, and the net fixed assets ratio, the bank’s performance is severely beyond regulatory limits… Macro facilities and commitments are approximately 220 trillion tomans, related-party facilities and commitments are 109 trillion tomans, investments are 88 trillion tomans, and the net fixed assets ratio has reached negative 1.8 percent.” The report concludes: “The condition of Ayandeh Bank is extremely critical and requires fundamental solutions.”
Document 4: A “Top Secret” letter from Mohammad Jafar Montazeri, the country’s Attorney General and member of the Money and Credit Council, to Farzin, the Governor of the Central Bank, dated June 12, 2023. The letter states, “The issue of the imbalance of some banks is one of the most serious challenges in the country’s monetary and banking sector, and the lack of necessary diligence and delay in managing their reform can lead to severe consequences and numerous problems, as has sometimes been discussed in the Money and Credit Council meetings. Unfortunately, we are not witnessing effective and planned action. Therefore, it is suggested that you order one or more meetings of the Money and Credit Council (extraordinary sessions if necessary) to be dedicated to this issue, to review their latest status, the measures taken, and the role of each relevant organization, institution, and authority in resolving the problem and reforming them.”
Document 5: A “Top Secret” letter and proposals from Soroush, the Central Bank’s Deputy for Supervision, to Governor Farzin, regarding “Following up on the collection of banks’ claims from the government, controlling the provision of facilities by imbalanced banks and credit institutions, and delegating the voting rights of several banks to the Ministry of Economic Affairs and Finance,” dated June 28, 2023.
Document 6: A “Top Secret – Very Urgent” letter from Mohsen Rezaei, Secretary of the Supreme Council of Economic Coordination of the Heads of Powers, to Raisi, Ghalibaf, and Eje’i, dated November 5, 2023. In this letter, a copy of which was also sent to Khamenei’s office, it is stated: “The Central Bank is authorized, in the event of an accumulated loss, to allow an imbalanced bank to increase its capital. If the imbalanced bank fails to act, the Central Bank is authorized to unilaterally hold an extraordinary general assembly to increase capital, even in the presence of an accumulated loss.” It adds, “The Central Bank is obliged, within the framework of this resolution and in cooperation with major shareholders, to prepare a timed reform plan for imbalanced banks to reduce overdrafts, sell assets, increase capital, and eliminate the causes of accumulated loss, and to communicate it to the CEO and the board of the relevant bank to take the necessary actions to implement this plan within a specified period.” It continues, “The Central Bank is authorized to participate in the bank’s capital increase from the claims related to overdrafts if the intended reform plan is not implemented by the bank.”
Secretariat of the National Council of Resistance of Iran (NCRI)
26 October 2025