Jan. 20, Finansbank said it would apply to legal authorities to issue a one-year bond worth up to 1 billion Turkish lira ($646 million).
National Bank of Greece S.A. (NBG, ETE.AT) owns 77.2% of Finansbank.
Turkısh Bank Regulator Rejects Fınansbank Bond Applıcatıon
Turkish lender Finansbank A.S. (FINBN.IS) said late Wednesday the country's banking regulator BDDK has rejected its application to issue bonds.
