Turkey president says opposition party's stake in Isbank will be transferred to the Treasury

Turkish President Tayyip Erdogan said on Monday that the main opposition party's stake in Isbank, the country's largest listed lender, will be transferred to the Treasury "sooner or later". Last week, Erdogan said that the Treasury would take over the 28 per cent stake of the Republican People's Party (CHP), sending the bank's shares plunging 6 per cent. On Monday, Isbank shares were up more than 2 per cent after posting a more-than-expected profit in the final quarter of 2018.