commercial bank outlines future role in turkey
Last Updated : GMT 17:54:00
Arab Today, arab today
Arab Today, arab today

Commercial bank outlines future role in Turkey

Arab Today, arab today

Arab Today, arab today Commercial bank outlines future role in Turkey

Doha - QNA

The Commercial Bank of Qatar (CBQ) outlined its future role in the Turkey\'s banking sector following the acquisition of a 70.84% stake in Alternatifbank (ABank) from Anadolu Endustri Holding (Anadolu) earlier this year. CBQ\'s senior executive revealed future plans at a reception held in Istanbul, the Qatari bank said Monday in a media statement. Prominent members of the Turkish and Qatari business communities attended the reception hosted by CBQ Chairman HE Abdullah bin Khalifa Al Attiyah and Anadolu Group Chairman Tuncay Ozilhan. Leading businessmen had the opportunity to discuss growing links and business ties between Turkey and Qatar, and how the latest international expansion by CBQ into Turkey has created a unique access point to increase investments and trade flows between the two countries. Speaking at the reception, HE Abdullah bin Khalifa Al Attiyah said, \"We are delighted with our acquisition of ABank and our continued relationship with Anadolu Group. \"Turkey is a key growth market for Commercial Bank and ABank represents a strategic entry-point to Turkey\'s fast-expanding banking sector. \"ABank is a model of efficiency and good management; it is ambitious and profitable and we believe it has the potential to be a strong contributor to the future growth of the Commercial Bank Group.\" CBQ Managing Director Hussain Alfardan said, \"ABank extends our existing regional alliance with banks in the UAE and Oman to outside the GCC region. Turkey has been identified as an exciting emerging market and trade between the GCC countries and Turkey is becoming increasingly active. Through ABank, we intend to capitalise on these increasing economic links to strengthen our position as one of the leading full service banks in the region.\" Commenting on the move into the Turkish banking sector, CBQ Group CEO Andrew Stevens said, \"ABank was the obvious partner for us on a strategic level, a cultural level, and, importantly, on a personal level. We see this partnership as an exciting opportunity to further develop the deep and growing ties that exist between Qatar and Turkey, and the other Gulf States.\" The acquisition of ABank in July from Anadolu Group represents CBQ\'s first investment in Turkey and this is its first majority stake in another bank. ABank is a mid-sized Turkish bank that predominantly caters for SMEs through a network of 69 nationwide branches and as of December 2012, had total assets of TL 7.9 Billion ($4.4 Billion). Anadolu Group, one of the leading industrial conglomerates of the Turkish economy, will remain a significant shareholder and will be represented on the board, the CBQ said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

commercial bank outlines future role in turkey commercial bank outlines future role in turkey

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

commercial bank outlines future role in turkey commercial bank outlines future role in turkey

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday