Arab banks eye acquisition opportunities in Turkey.

By bne IntelliNews March 29, 2011

Chairman of the Union of Arab Banks, Adnan Youssif, says that Al Rajah Bank, Qatar National Bank, and Abu Dhabi Islamic Bank are seeking investment opportunities in Turkey and they want to acquire a majority stake in a local bank, without providing details. On a related note, head of the banking regulation and supervision agency, Tevfik Bilgin, asserts that he believes at least one Turkish bank will invest in either Syria or Jordan or Lebanon this year.

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