IslamicFinance.de

Turkish Islamic lender Bank Asya has ruled out reports of ending share sales talks with Qatar Islamic Bank (QIB). Several reports on July 2 claimed Bank Asya and the QIB have ended exclusive talks regarding the QIB acquiring a stake in the Turkish lender after failing to agree on price. The reports also quoted sources claiming Turkish state-run bank Ziraat Bank may now be the most likely partner for Bank Asya, but the two banks have not officially begun negotiations. Ziraat Bank officials said there had not yet been any official attempts to move toward Bank Asya, but they did not deny the possibility of such an acquisition either. Meanwhile, on July 1, Bank Asya announced it has moved to sell assets worth around 133 million liras.