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Turkish Banks Continue to Attract Gulf Investors

by Proact
Feb , 9
Turkish Banks Continue to Attract Gulf Investors

Turkish banks continue to attract Gulf investors through new negotiations to buy Deniz Bank, which is owned by Sberbank of Russia. The Turkish market attracts investors from all over the world, especially from the Gulf countries. Investors from the region are investing billions of dollars in various areas of the Turkish business market, such as finance, health, tourism and real estate. Russia’s largest bank, Sberbank, and the owner of Deniz Bank, announced in a statement that it had started negotiations with Emirates NBD about the sale of Deniz Bank.

Today, Turkey has 8 banks, either owned by or owned by Gulf investors, namely A&T Bank, A Bank, Al Baraka Turk, Burgan Bank, Kuwait Turk, QNB Finance Bank, Turkish Bank, Turkey.

QNB operates in 30 countries across three continents and has assets of US $ 198 billion by the end of 2016, making it the largest bank in the Gulf region.

Kuwait Turk Bank: Kuwait Finance House holds 62.24% of its shares.

Burgan Bank: Kuwait’s Burgan Group acquired 99.26% of its shares in 2012.

Al Baraka Turk Bank: Established in 1984, Al Baraka Bahrain Group holds 54.06% of its shares.

Turkey Finances: Established in 2005, following the syndicate of Anadolu Finance and Family Finance. In 2008, Saudi National Commercial Bank (NCB), the first and largest bank in the Kingdom, acquired a majority stake in the Turkish bank. By the end of 2017, National Bank of Saudi Arabia reached 67.03 percent of the shares of Turkey Finans Bank.

 

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