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TURKEY - Feb. 5 - Pamukbank Put Up For Sale.

Publication: APS Diplomat Recorder
Publication Date: 08-FEB-03 		Format: Online - approximately 529 words
Delivery: Immediate Online Access
Full Article Title: TURKEY - Feb. 5 - Pamukbank Put Up For Sale.(Brief Article)

Article Excerpt
The government puts up for sale Pamukbank, the 7th largest bank, 3 days after resolving a dispute with its former owner that threatened the $16 bn funding agreement with the IMF. The deal ending the dispute has also been criticised by the IMF for being too soft on Mehmet Emin Karamehmet, the bank's former owner. But some financial analysts argue that the deal is probably the best of a bad job. The deal with the Banking Regulation and...

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