According to the newspaper, the director of the holding Erdal Aksoy confirmed that the process of holding the negotiations on the sale of some shares of the bank with one of the Azerbaijani banks. But Aksoy refused to name the Azerbaijani bank.
According to other Turkish media, Azerbaijani Pasha Bank shows interest in the acquisition of TAIB Bank`s stake. It is currently seeking to enter the Turkish banking sector.
TAIB Bank was established in Bahrain in 1979. The bank has been operating in Turkey since 1987. Besides Turkey, there are branches in Kazakhstan, the United Arab Emirates and the U.S. As of 2012, the assets of the bank amounted to 19 million lira.
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