9,367.77 TRY BIST 100 BIST 100
34.56 USD USD USD
36.19 EUR EUR EUR
4.79 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

The approval of the sale of Turkish Trade Bank

The Savings Deposit Insurance Fund (TMSF) has approved the transfer of Türk Ticaret Bankası to İhracatı Geliştirme AŞ (İGE), which submitted the highest bid in the auction. According to the statement made by TMSF...

The approval of the sale of Turkish Trade Bank

According to the statement made by TMSF, after the positive opinions of the Banking Regulation and Supervision Agency (BDDK), TMSF Fund Board made its final decision.

Accordingly, the transfer of Türk Ticaret Bankası to İGE, which is jointly owned by 20 banks from the private sector and the public sector, along with the Turkish Exporters Assembly, exporter associations, and the Turkish Eximbank, was deemed appropriate.

Founded in 1913 and decided to be liquidated by the BDDK in 2001 by revoking its banking license, Türk Ticaret Bankası has been reclaimed for the Turkish economy through the intensive efforts of TMSF for years.

Türk Ticaret Bankası, which is among the oldest banks in Turkey, will serve the financing and banking needs of exporters.

In the sales auction opened by TMSF, three participants competed and İGE submitted the highest bid in the auction with a price of 455 million TL.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now