Bank Asya shares fall to record low amid uncertainity over its future

September 16, 2014

ISTANBUL, Sept 16 (Reuters) – Shares in Turkey’s Bank Asya fell 10 percent to 89 kurus, a record low, at the stock market’s opening on Tuesday amid uncertainty over its future.

Bank Asya’s profits and capital base have tumbled since December, when it found itself at the centre of a power struggle between then-Prime Minister Tayyip Erdogan and Fethullah Gulen, an Islamic cleric whose sympathisers founded the bank. Erdogan has since been elected president. (Reporting by Ayla Jean Yackley; Editing by Nick Tattersall)

  • Finance
  • Investment & Company Information
  • Bank Asya
  • Tayyip Erdogan

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