Private banks

The chief of Turkey?s state-run Halkbank has said the bank?s plans to establish an Islamic lender have been postponed ?for judicial reasons,? adding that the management is now working on another formula that does not require equity raising.  

Bank of China will seek approval to expand its operations in Turkey, highlighting efforts by the two countries to boost business ties, according to sources familiar with negotiations.

Turkish Islamic lenders Türkiye Finans and Albaraka Türk have applied separately to issue Islamic bonds, or sukuk, according to Turkey?s Capital Markets Board (SPK). 

Türkiye Finans, a sharia-compliant lender which has a focus on loans to corporate clients, has applied to raise up to 1.5 billion lira ($513.2 million) through its wholly-owned unit, TF Varl?k Kiralama.

HSBC is set to agree to sell its Turkish business to Dutch lender ING Group for around $700 million-$750 million in the next few days, two people familiar with the matter told Reuters on July 22.

HSBC, the 12th-largest bank in Turkey, is selling the money-losing business in a global drive to cut costs and assets, boost profitability and reduce complexity.

Developing Borsa Istanbul is an important component of building the Istanbul financial hub, European Bank for Reconstruction and Development (EBRD) Director for Turkey Jean-Patrick Marquet told Anadolu Agency in an interview on June 5.

Turkish stock exchange regulators temporarily stopped Islamic lender Bank Asya's shares from trading on Borsa Istanbul on June 1.

The authorities cited a decision by the country's banking watchdog, BDDK, for the complete takeover of all shares of Bank Asya by the Insurance Fund (TMSF). 

The Industrial and Commercial Bank of China Limited (ICBC), the world?s largest bank, has completed a takeover of some 75.5 percent of the stakes in Turkey?s Tekstilbank. 

Israel's Hapoalim Investment has plans to sell a majority stake in Turkish BankPozitif, amid political coolness between Israel and Turkey, according to sources. 

BankPozitif Chairman Hasan Akçayal?o?lu confirmed various talks for a possible sale are the case, but there has not been any official decision yet. 

HSBC Holdings, Europe's biggest bank, will review whether to move its headquarters out of Britain, potentially dealing a blow to a country trying to balance tighter regulation with the importance of the financial industry to its economy. 

Chinese authorities have given Industrial and Commercial Bank of China approval to buy a 75.5 percent stake in Turkey?s Tekstilbank, the Turkish lender said on March 20, bringing the $316 million deal closer to completion.