According to Iranian media reports, the damage from the ongoing banking crisis in Iran is estimated at 100,000 billion tomans. Three major banks — Saderat, Melli, and Tejarat — continue to face disruptions to money transfers and deposit interest payments more than 25 days after the crisis began.
An Iranian media report on Sunday estimated the damage from the country's ongoing banking crisis at 100,000 billion tomans (approximately 100 trillion tomans), describing the situation as an 'unprecedented four-week banking crisis.' According to the report, banks Saderat, Melli, and Tejarat are still grappling with widespread problems, and citizens report continued difficulties with money transfers and receiving interest on deposits.
The Zioneer has previously reported on a series of suspected cyberattacks targeting Iranian banks, starting in June, which caused disruptions at these same institutions (see June 13, June 24, and June 30 bulletins). However, today's report does not explicitly attribute the ongoing disruptions to a cyberattack, referring generally to 'widespread disturbances in the banking network.' The central bank acknowledged on June 21 that a cyberattack on four banks had not been fully resolved.
It remains unclear whether the damage estimate includes losses from the earlier cyberattacks or encompasses broader economic effects. The report does not provide a breakdown of the figure or confirm the source of the estimate. The crisis has now persisted for over four weeks, with no clear timeline for full recovery.
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