ISTANBUL, March 16 Turkey will repay all the
foreign loan obligations of seized Islamic lender Bank Asya,
including a coupon payment on a $250 million sukuk that was due
in September, Deputy Prime Minister Nurettin Canikli told the
state-run Anadolu agency on Thursday.
Canikli, speaking to Anadolu in an interview broadcast live
on television, said the liquidation process of the bank was
still ongoing with no issues and that it would be completed
within 2-1/2 to three years.
Bank Asya was founded by followers of the U.S.-based Islamic
cleric, Fethullah Gulen, whom Ankara blames for orchestrating a
failed coup last July. It has been hit along with other
Gulen-linked companies in a government crackdown.
(Reporting by Humeyra Pamuk; Editing by David Dolan)