Rabobank in talks to obtain banking licence in Turkey.

By bne IntelliNews March 11, 2011
Daily Milliyet reports that Dutch lender Rabobank is in talks with the banking regulation and supervision agency (BRSA) to obtain a licence in order to establish a bank in Turkey. The daily quotes unnamed Rabobank officials as saying that the bank first should decide whether it will focus on commercial or retail banking and following a decision it will start procedures. The daily also reports that Rabobank was interested in the sale of Adabank but gave up on bidding for the lender as it saw some risks. Reportedly, the BRSA told Rabobank that the minimum capital required for establishing a bank is TRY 300mn. In 2005, Rabobank wanted to acquire medium-sized Sekerbank but its attempt failed. The daily also notes that the BRSA has not granted any banking license since 2004.

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