trending Market Intelligence /marketintelligence/en/news-insights/trending/UpH0u86EIY9uPgsKVz5bEA2 content esgSubNav
In This List

Report: Bank Asya selling insurance units

Blog

Banking Essentials Newsletter: June Edition, Part - 2

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

Case Study

A Chinese Bank Strengthens its Credit Risk Assessments

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Report: Bank Asya selling insurance units

Asya KatilimBankasi AS, whose banking license was in July, said its insurancesubsidiaries, Asya Emeklilik veHayat AS and IsikSigorta AS, have been put up for sale, Sigorta Medya reported Oct.6.

The bank put forward a sale price of 40.8 million Turkishlira for Isik Sigorta shares and 33.2 million lira for Asya Emeklilik ve Hayatshares. Potential buyers were asked to submit their offers by noon Oct. 28.

The tender will be held Oct. 31, the report added.

As of Oct. 7, US$1 was equivalentto 3.05 Turkish lira.