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.
COPYRIGHT Copyright Thomson Reuters 2012. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.