Bank Asya(ASYAB TI): The Islamic lender based in Istanbul will establish a life insurance and pension unit with a start-up capital of 20 million liras, it said in a statement to the Istanbul Stock Exchange after markets closed yesterday. Asya Katilim rose 8 kurus, or 2.7 percent, to 3.05 liras, gaining for a second day.
To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net
To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net
Source : http://www.bloomberg.com/news/2011-01-07/denizbank-isbank-turk-telekom-turkey-equity-market-preview.html - Jan 7, 2011