Turkey'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
Turkish 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
Russia'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.
Turkish 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
Iran'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.
Dubai-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
Emirates 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
National 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