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Turkey's Garanti sees no possibility of BBVA selling stake

Thu, 14th Jun 2012 09:55

ISTANBUL, June 14 (Reuters) - Turkey's Garanti Bank Chief Executive Ergun Ozen said on Thursd
ay he did not see any possibility of Spanish bank BBVA selling its Garanti stake after Turkish media speculation that BBVA might consider such a move amid euro zone financial woes.

Euro zone finance ministers agreed on Saturday to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week.

Spain's two biggest banks, Santander and BBVA, said after the EU financial package was agreed on by euro zone finance ministers that they would not need to access European money.



(Reporting by Seda Sezer) Keywords: GARANTI/BBVA

(seda.sezer@thomsonreuters.com)(+90 212 350 7051)(Reuters Messaging: seda.sezer@thomsonreuters.com)

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UPDATE 1-Turkey's Garanti to roll over loans in 2013-CEO

ISTANBUL, Nov 28 (Reuters) - Turkey's Garanti Bank said on Wednesday it plans to roll over 1 billion euros ($1.3 billion) of syndicated loans i
[28 Nov '12]

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ISTANBUL, Nov 22 (Reuters) - Turkey's Garanti Bank , part-owned by Spain's BBVA, said on Thursday it had mandated 19 banks to secure a one-year
[22 Nov '12]



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