Bank Mellat Receives Damage Claim From UK

Bank Mellat received compensation it had demanded on the UK after the lender won a court case against the UK Treasury in June. 
In a letter to the Securities and Exchange Organization, the lender said it has received the “the amount agreed” with the UK Treasury after winning a court case related to a UK ban on activities of the bank in 2009. 
Bank Mellat is 80% privately owned, with the government in Tehran holding a 20% stake. 
On June 18, London made a last minute deal to settle a £1.3 billion ($1.6 billion) damage claim by the bank.
Mellat’s lawsuit had initially claimed $4 billion (£3.2 billion) from the treasury, but that figure was later reduced to $1.6 billion plus interest.