Home News In Turkey China’s Bank will be opening a branch office in Turkey by 2016

China’s Bank will be opening a branch office in Turkey by 2016

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Chine’s Bankis waits the decision to share activities in Turkey. This step will make better the business relations between the two Asian countries. This year, the Industrial and Commercial Bank of China (ICBC) bought a general shares of the Turkish Tekstilbank. This purchase made ICBC the first Chinese bank which started to work in Turkey. On Thursday, representatives of the Agency Banking Regulation and Supervision in Turkey met with representatives of the China’s Bank to discuss about legal points. Ankara demands that foreign banks which plan activities in the country, to have a share capital not less than $ 300 million. China’s Bank will apply for a license soon and next year will open the bank in Turkey.

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