Ayandeh’s DIY mega-merger sets template for Iranian bank consolidation

Few bank mergers anywhere in the world have been more ambitious than the one that created Bank Ayandeh in Iran in 2013. It combined Tat Bank with two other financial institutions and 10 credit cooperatives, and did so in a country that has absolutely no regulatory guidance for how to do it and where staff layoffs are all but taboo because of vast national unemployment.