Bank Audi reportedly established entity in Turkey.

By bne IntelliNews March 28, 2012
Lebanon-based Bank Audi established a local entity, named Odea Bank, with a capital of TRY 534mn (USD 300mn), daily Milliyet reported. Bank Audi already obtained a banking licence from the banking sector regulator and it is said to open its first branch in September this year. Freddie Baz, CFO of the bank, last month told Reuters that Bank Audi targeted to open 50-60 branches in Turkey in the next few years, and it would focus mainly on corporate and commercial banking in the Turkish market, but it will also be interested in leasing and factoring activities.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more