Standard Bank reportedly considers selling operation in Turkey.

By bne IntelliNews April 26, 2011
Financial Times reports that South African lender Standard Bank would considers selling its operations in Turkey and Argentina. Standard Banks group financial director, Simon Ridley, told the newspaper that Standard Bank would sell the businesses in the two countries if presented with suitable offers but the bank is not actively seeking to offload the businesses. Standard Bank acquired a 67% stake in brokerage firm Dundas Unlu, whose name was later changed to Standard Unlu, in 2007. One banker told Financial Times that Russias Sberbank may be interested in Standard Banks Turkey operations, but Ridley said that Standard Bank had received no enquires regarding its stake in Standard Unlu. Meanwhile, Standard Unlu issued a statement and dismissed the media reports.

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