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Europe Daily Bulletin No. 7998

4 July 2001
Contents Publication in full By article 31 / 58
ECONOMIC INTERPENETRATION / (eu) banks

The French group BNP PARIBAS is studying a majority takeover in FINANSBANK and its other financial subsidiaries (mainly FINANS INVEST and FINANS LEASING), belonging to the Turkish holding FIBA. BNP could thus acquire a 51% stake in FINANSBANK, one of the only Turkish financial organisations to have come out of the monetary crisis without mishap, with a balance sheet total of $4 billion in March 2001 and 126 agencies.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION