Bloomberg News

NBG’s Finansbank to Complete Insurer Sale in a Month, Sabah Says

March 15, 2012

Finansbank AS (FINBN), the Turkish lender owned by National Bank of Greece SA, will complete the sale of its life insurance and pensions unit Finans Emeklilik & Hayat AS within a month, Sabah reported, citing Finansbank deputy chairman Sinan Sahinbas.

Finansbank is working with Bank of America Corp. and UBS AG to explore the possible sale of Finans Emeklilik, four people with knowledge of the situation said March 13.

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To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Sibel Akbay at sakbay@bloomberg.net


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