TEHRAN Iran declared one of the country's largest private banks bankrupt with its assets absorbed by the state, official media reported on Oct. 25, in a rare move in the country grappling with international sanctions. Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone. But it had more recently been crippled by debt, with accumulated losses amounting to the equivalent of about $5.2 billion and roughly $2.9 billion in debts.