Turkey seizes Libya Foreign Bank Arab-Turk bank stake
Turkey's state Savings and Deposit Insurance Fund (TMSF) has seized Libyan Foreign Bank's shares in Turkey's Arab-Turk bank, Turkey's banking regulator said in a statement on Monday.
Libyan Foreign Bank holds 62.37 percent of Turkish Islamic lender Arab Turk bank.
The move is part of U.N. sanctions against the government of Muammar Gaddafi.
The move is part of U.N. sanctions against the government of Muammar Gaddafi.
Last Update: July 05, 2011 18:39