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Johannesburg - Standard Unlu, the Turkish unit of South Africa's Standard Bank Group [JSE:SBK], on Tuesday scotched rumours that it is being disposed of.
Standard Unlu is a leading provider of merger and acquisition services in Turkey and has been operating as one of the units of Standard Bank Group Limited, Africa's biggest banking group by assets, since 2007. It was responding to an article in London's Financial Times.
The article was headlined: Standard Bank Eyes Foreign Disposal - Units in Argentina & Turkey Targeted.
In a statement from Istanbul, chairperson and CEO of Standard Unlu Mahmut Unlu made it clear that no such decision concerning the future operations of the bank had been taken to date.
"The operation in Turkey is among the best performing units of the bank. The partnership contract between both parties is still valid and our operations still continue to perform well," Unlu said.
Standard Unlu is a leading provider of merger and acquisition services in Turkey and has been operating as one of the units of Standard Bank Group Limited, Africa's biggest banking group by assets, since 2007. It was responding to an article in London's Financial Times.
The article was headlined: Standard Bank Eyes Foreign Disposal - Units in Argentina & Turkey Targeted.
In a statement from Istanbul, chairperson and CEO of Standard Unlu Mahmut Unlu made it clear that no such decision concerning the future operations of the bank had been taken to date.
"The operation in Turkey is among the best performing units of the bank. The partnership contract between both parties is still valid and our operations still continue to perform well," Unlu said.
