Turkey's TMSF says best bid for Turk Ticaret Bankasi at 455 mln lira

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, March 23 (Reuters) - Turkey's Savings Deposit Insurance Fund (TMSF) said on Thursday that the best bid for the sale of Turk Ticaret Bankasi was placed by Export Development Company with 455 million lira ($23.90 million). The TMSF also said the tender result for the sale will be finalised after approvals by BDDK banking watchdog and the competition authority. ($1 = 19.0399 liras) (Reporting by Ebru Tuncay Writing by Ezgi Erkoyun Editing by Ali Kucukgocmen)

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