IslamicFinance.de

Turkish Islamic lender Bank Asya said in a note to Borsa ?stanbul that the company continued its banking operations smoothly, defying any kind of uncertainty regarding the bank’s shareholders and board. The bank’s statements follow on the heels of an announcement from state bank Ziraat Bankas? a few hours earlier. Ziraat said it had ended unofficial talks to acquire Bank Asya, saying such a purchase was not in line with its priorities. Observers said the statement from Bank Asya would help ease earlier concerns that the bank would be seized by the state amid an intense pressure from President-elect Recep Tayyip Erdo?an’s ruling party.