Europe Bank
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Turkish technology giant Vestel exits Russian market
Turkish electronics and domestic appliances maker Vestel closed down its factory in Russia, citing the country's 2014 financial crisis.
Turkey's Fiba has not put Russian bank up for sale: Board member
The Fiba Group has not put its Russian banking unit Credit Europe Bank up for sale, Fiba board member Murat Özye?in said on Feb. 11, stressing that the company has "good relations" with the Russian government.
"We do not have any problems with Russia. We have not seen any pressure from Russia either. We are not planning to sell our banking unit," Özye?in said, as quoted by Reuters.
Fiba's Credit Europe Bank to exit Russia
Turkish Fiba Holding's Credit Europe Bank is exiting the Russian market, according to daily Kommersant, at a time when economic relations between the two countries continue to deteriorate in the wake of the jet-downing crisis in November 2015.
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Credit Europe Bank updates Libor index for Swiss franc loans
Credit Europe Bank announced, on Wednesday, the updating, as of the same day, of the Libor index for the retail Swiss franc loans with variable interest rate. As a result of this measure, the interest rate for these loans is reduced.
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