Erdogan wants to nationalize big bank

Erdogan wants to nationalize big bank

World February 5, 2019 13:48

istanbul (anp/afp) - The Turkish president Recep Tayyip Erdogan wants to nationalize the bank Isbank. He said on Tuesday in parliament that the largest loan provider in the country will become the property of the ministry of...

Isbank was founded in 1924 by Mustafa Kemal Atatürk, the father of modern Turkey. Upon his death in 1938 his shares were transferred to the political party CHP. The current opposition party still holds more than a quarter of the bank.

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