Bank Asya shares return to trading: Turkey
Trading in the bank's shares is permitted after being banned for one day
ANKARA
Turkish stock exchange regulators on Tuesday lifted the ban on the trading of Bank Asya’s shares one day after it was halted.
Borsa Istanbul temporarily stopped participation bank Bank Asya's shares from trading on Borsa Istanbul on Monday after the country's banking watchdog ordered the complete takeover of all shares of Bank Asya by the Insurance Fund.
The bank’s shares opened at Friday’s closing prices 0.76 Turkish lira. The shares dropped to 0.69 lira, a loss of 9.21 percent.
The bank's shares were moved to the stock exchange's watch list in September of 2014, where companies are subject to monitoring and examination.
On Friday, Turkey's Banking Regulation and Supervision Agency (BDDK), the country’s banking watchdog, ruled for the complete takeover of all shares of Bank Asya by the Savings Deposit Insurance Fund (TMSF). A smaller percentage of the bank's shares were transfered to TMSF in February.
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