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Report: National Commercial Bank keen to buy further stake in Türkiye Finans

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Report: National Commercial Bank keen to buy further stake in Türkiye Finans

SaudiArabia's National CommercialBank is eager to buy Boydak Group's 22.34% stake in , Finans Gündem reported July 25, citing Ekonomist.

BoydakHolding recently decided to sell its stake in the Turkish bank and withdrawfrom the finance sector, according to the report. "Sources" told the Ekonomist that share price was the mostdetermining factor for the sale.

TheSaudi lender presently holds a 67.03% stake in the Turkish bank, according toSNL data.