As a result of an improvement in diplomatic and economic relations between Ankara and Washington, Turkish President Tayyip Erdogan has held talks with U.S. President Donald Trump concerning Turkey’s state-owned bank Halkbank.

Following an announcement by Turkish President Tayyip Erdogan that he has had talks regarding state-owned Halkbank with his U.S. counterpart, shares of the bank jumped by 6.89% to 7.45 lira.

Although Erdogan gave few details surrounding actual discussions, his comments come at a time when there is growing indication from both, Ankara and Washington that they are ready to diplomatic and economic ties, which had plunged earlier this year over a host of issues including the conviction of a Halkbank executive for helping Iran evade U.S. sanctions.

Categories: Creativity, Entrepreneurship, Geopolitics, HR & Organization, Strategy

Tags: Ankara, Donald Trump, evade, held, help, Iran, Iranian, president, sanctions, Tayyip Erdogan, Turkey-U.S. relations, Turkish, U.S, United States, Washington