Wednesday 14 March 2012

BANKING - The 62.37 percent stake in Arab Turkish Bank will be returned to Libya

www.balkans.com - The 62.37 percent stake in Arab Turkish Bank (A&T Bank) that Turkey’s Savings and Insurance Fund (TMSF) took over from Libya’s Foreign Bank in July 2011 will be returned to Libya following the bank’s 34th general assembly, which is slated to take place on March 15, according to a decision made by Turkey’s Banking Regulation and Supervision Agency (BDDK). (source)



The TMSF had appointed Osman Arslan as the bank’s general manager until March 15, after which he will be replaced by Sadek K.S. Abu Hallala, Hurriyet Daily reports.

Source:  http://www.balkans.com/open-news.php?uniquenumber=138952 - March 14, 2012