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Spain's BBVA looking for buy another Turkish bankSpain's second-biggest bank BBVA, which has a majority stake in Turkey's Garanti, is looking to buy another bank in the country, Hurriyet newspaper reported on Monday, citing BBVA's chief executive Carlos Torres Vila. More… |
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Turkish bank Asya to sell 40pc stake in Mideast firmTurkey's Bank Asya, which suffered a run on deposits last year after it became embroiled in a political feud, said it was selling its 40 per cent stake in Tamweel Africa Holding for 31.8 million euros ($37.7 million). It is se More… |
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Turkish bank closes branches after rowTurkey's Bank Asya, which suffered a massive run on deposits earlier this year after becoming embroiled in a power struggle between Turkish President Tayyip Erdogan and an exiled Islamic cleric, said it had cut a third of its workforce More… |
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Turkish bank Kuveyt Turk plans $500m sukukTurkish participation bank Kuveyt Turk plans to price a benchmark-sized Islamic bond issue on Thursday after giving initial price thoughts for the five-year offering, a document from lead managers said. Pricing for the deal is cur More… |
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Russia's Sberbank buys Turkish bank for $3.5bnRussia's Sberbank on Friday clinched its largest deal, buying Turkey's DenizBank for 2.8 billion euros ($3.5 billion), expanding its footprint in emerging Europe and diversifying away from a home market that it dominates. State-controlled More… |
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Turkish lender eyes Europe expansionTurkish lender Garanti Bank, partly owned by Spain's BBVA, wants to expand with the Spanish bank in Eastern Europe, its chief executive told newspaper Cinco Dias in an interview published on Monday. 'The bank's intention is to More… |
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Turkish banks cut ties with top Iran bankIran's Bank Mellat cannot do business in Turkey as all Turkish banks have cut links with it due to US sanctions over Tehran's nuclear programme, the head of the bank's Turkish unit, Younes Hormozi, said on Wednesday. His comme More… |
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Noor closes $225m facility for Turkish bankDubai-based Noor Islamic Bank has announced the successful closing of a $255 million dual currency Islamic structured Murabaha syndicated facility for Turkish Bank Asya, a leading Turkish bank in foreign trade. Noor Islamic was a joint ma More… |
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Emirates NBD eyes Turkish banksEmirates NBD, the leading Gulf Arab lender by assets, said on Tuesday it is looking at buying opportunities in the Turkish banking sector. "We're open to the thought (of buying into the Turkish banking sector)...actually we've been working More… |
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NBK to buy 40pc of Turkish BankNational Bank of Kuwait said it has agreed to buy 40 percent of Turkish Bank for $160 million. National Bank said in May it was in talks to take a 30 percent stake in privately-owned Turkish Bank, with an option to increase that to 40 perc More… |
