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Turkish Oyak Bank for Sale

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  • Turkish Oyak Bank for Sale

    AZG Armenian Daily #118, 23/06/2007


    International Finance

    TURKISH OYAK BANK FOR SALE

    The symbol of Turkish Army's might in Turkish economy Oyak bank is put
    up on sale, Turkish National Television informs.

    Dutch financial institution ING Group, which is the thirteenth in the
    list of financial giants of the world, announced that it would buy
    Turkey's Oyak bank for 2.673 billion dollars. The sides reached an
    agreement. The offered sum set a record in Turkey.

    In contrast to Turkish National Television, Turkish newspapers
    mentioned that the deal was already concluded on June 19.

    By the way, Oyak bank is the partner of French Aksa bank and in spite
    of the pressure for the recognition of the Armenian Genocide in France
    Oyak bank didn't stop its cooperation with Aksa.

    By Hakob Chakrian

    From: Emil Lazarian | Ararat NewsPress
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