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2 Turkish banks suspend Russian Mir payments after US sanctions: report

Turkish lenders İşbank and Denizbank have suspended use of Russian payment system Mir, the banks said on Monday, following a US crackdown on those...

Transfer of opposition party shares in Turkey’s largest bank back on agenda: report

The proposed transfer of a 28 percent stake in Turkey’s largest listed lender İşbank from the main opposition party to the Treasury was discussed at a...

Erdoğan says Treasury to take over Turkey’s largest lender, İşbank

Turkish President Recep Tayyip Erdoğan on Tuesday announced that the nation’s largest listed bank, Türkiye İş Bankası (İşbank), would be transferred to the Treasury. The...

Erdoğan says CHP shares in İşbank should be given to Treasury

Turkish President Recep Tayyip Erdoğan has targeted the main opposition Republican People’s Party (CHP) over its shares in Turkish lender İşbank, the Cumhuriyet daily...

Turkish gov’t approves Türk Telekom majority share transfer to creditor banks

The Turkish Treasury and Finance Ministry has given the final approval for the transfer of a majority stake in Türk Telekom to a joint...

Turkish banks apply to Competition Authority to take over 55 pct of Türk Telekom

Akbank, Garanti and İşbank have applied to Turkey’s Competition Authority (RK) to take over 55 percent of Türk Telekom, Reuters reported, citing a Thursday...

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