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Bank Asya

TMSF selling off subsidiaries of seized lender Bank Asya

The state-run Savings Deposit Insurance Fund (TMSF) has put up for sale a financial intermediary and two insurance units of Islamic lender Bank Asya,...

Gov’t-appointed Bank Asya director urged minister to stop bank’s closure

An email sent in July by a government-appointed director to Bank Asya to Berat Albayrak, the energy minister and President Recep Tayyip Erdoğan’s son-in-law,...

Turkey to auction Islamic lender shares after controversial seizure

Turkey will auction the shares of local Islamic lender Bank Asya following a controversial seizure in May 2015, the state-run Savings Deposit Insurance Fund...

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