Spain’s BBVA increases stake in Turkish arm to 86%
Spanish banking firm BBVA has increased its stake to 85.97% in its Turkish arm Garanti BBVA. BBVA paid approximately €1.41bn for the…
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BBVA increases takeover bid price for Turkish arm
Spanish bank BBVA has increased the offer price to buy the remaining stake in Turkish lender Garanti BBVA. As per the initial…
BBVA launches $2.6bn takeover bid for remaining stake in Garanti
Spain’s BBVA has launched a voluntary offer to buy the remaining stake in Turkish lender Garanti BBVA for up to…
UniCredit to divest entire stake in Turkey’s Yapi Kredi Bank
Italian banking company UniCredit has revealed plans to divest its entire 20% stake in Turkey's Yapi Kredi Bank (YKB). As…
Yapi Kredi to adopt flexible working option for staff to lower costs
Yapi ve Kredi Bankasi, a Turkish bank, is reportedly allowing a part of its workforce to work from home on…
ByTurkey’s watchdog urges banks to prefer mobile apps over email
The Banking Regulation and Supervision Agency (BDDK) has instructed banks in Turkey to send account statements of their customers on…
ING Bank mulling to exit Turkish market
Dutch banking giant ING is reportedly planning to sell its business in Turkey as part of its cost-cutting strategies. Bloomberg,…
Akbank integrates directly with cryptocurrency exchange Binance
Turkey-based Akbank has become the first bank to directly integrate with cryptocurrency exchange company Binance. The partnership will enable the…