Home / Business / Finance

Bank of China approved to open deposit bank in Turkey

Xinhua | Updated: 2017-01-14 10:36

ANKARA - Bank of China have received permission to open a deposit bank in Turkey, the country's banking watchdog, Banking Regulation and Supervision Agency(BDDK) stated on Friday.

In a statement on its website, the BDDK said Bank of China had brought the "necessary capital" that is worth of $300 million and would apply to start functioning shortly.

Turkish Deputy Prime Minister Mehmet Simsek said last year that the presence of Bank of China in Turkey would be a clear sign of foreign investors' interest in the domestic market.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349