New York prosecutors have withdrawn an appeal to extend the sentence of a former executive at Turkey's state-owned lender Halkbank, Turkey's state-run Anadolu news agency said on Friday.
Halkbank shares rose nearly 4 percent after the report.
A U.S. court in May jailed Hakan Atilla, an executive from Halkbank, to 32 months in prison for helping Tehran get round U.S. sanctions. Halkbank faces potential U.S. fines in relation to that case.
Anadolu, without citing sources, said the New York prosecutor's office had originally filed the appeal, saying the sentence was too short. It said the court had asked prosecutors to present details of the appeal by Dec. 6, but that the appeal had later been withdrawn.
Atilla is expected to be released on July 25, Anadolu said. He had already served 14 months when was sentenced.
Turkish President Recep Tayyip Erdoğan said last month that he had discussed the case of Halkbank with U.S. President Donald Trump, saying the talks were on a "positive path". He said, without elaborating, that Trump had told him "he would instruct the relevant ministers immediately" regarding the case.