Connect with us

Hi, what are you looking for?

News

Bank of China applies for Turkish license

Bank of China has completed formalities to receive a banking license in Turkey. It has submitted the required documents, according to Turkey’s banking watchdog, Banking Regulation and Supervision Agency (BDDK). Mehmet Ali Akben, head of BDDK, said the required letters have been exchanged with Chinese officials and the licensing work will begin as soon as this process is finalized. It will take some time for them to find a building or launch IT technologies, but the application process is completed, he said.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.