Officers of the Islamic Revolutionary Guard Corps, IRCG and other military personnel in Iran could experience a disruption in their salary payments as Israel targets infrastructure linked to Sepah Bank, a major Iranian state owned bank associated with the country’s military.

‎Sepah Bank and another state-run institution Bank Melli, were hit by missiles from Israel on Tuesday, leading to a disruption in operations of both financial institutions.

‎The Sepah Bank is a major financial institution in Iran which has been the most widely used payments and financial transactions channel for Iran’s military institutions, including the IRGC. 


‎According to reports by the Jerusalem Post, the attack occured while the bank was “processing salary payments for the military.”
‎Officials further warned that the disruption could affect financial services for military personnel and other government workers if the bank’s systems remain impaired.

‎The attack on the Iranian bank comes amid intensifying hostilities between Israel and Iran, in which banking infrastructure and systems have increasingly become targets.

‎Bank Sepah, a major financial institution in Iran, serves as one the country’s oldest state banks associated with providing financial services to Iran’s armed forces.