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Tuesday, July 31, 2007

Kuwait's NBK buys into Turkish Bank for $160 mln | Banking & Financial | Reuters

"Kuwait's NBK buys into Turkish Bank for $160 mln

By James Cordahi

DUBAI, July 31 (Reuters) - National Bank of Kuwait (NBKK.KW: Quote, Profile, Research) is buying 40 percent of Turkish Bank for $160 million, an official of the Kuwaiti bank said, in the latest move by a Gulf lender to make a foreign acquisition as domestic competition intensifies. "

More:Kuwait's NBK buys into Turkish Bank for $160 mln | Banking & Financial | Reuters