Correction and Apology to Mr Özince and Isbank
In the August 2016 issue of Euromoney, in our article ‘Binbasgil pilots Akbank through Turkey’s turbulence’, we incorrectly stated that “Isbank’s chairman, Ersin Özince, was arrested in March and charged with financing a fuel-smuggling ring, which he denies”.
It has since been brought to our attention, however, that Mr Özince has never been on trial regarding the crime mentioned in our article and has never been arrested. We are happy to issue this correction and apologise for any offence caused to Mr Özince and to Isbank.
It is mid-afternoon in Buenos Aires on Friday, July 15, and half a world away from his base in Istanbul, Akbank’s chief executive Hakan Binbasgil is preparing to return home after a few weeks in South America on vacation.
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