Turkısh Bank Regulator Rejects Fınansbank Bond Applıcatıon
Turkish lender Finansbank A.S. (FINBN.IS) said late Wednesday the country's banking regulator BDDK has rejected its application to issue bonds.
Jan. 20, Finansbank said it would apply to legal authorities to issue a one-year bond worth up to 1 billion Turkish lira ($646 million).
National Bank of Greece S.A. (NBG, ETE.AT) owns 77.2% of Finansbank.
National Bank of Greece S.A. (NBG, ETE.AT) owns 77.2% of Finansbank.