Five foreign banks entering Turkish market
A five foreign banks plan to get a license to operate in the banking market in Turkey, the Sabah newspaper quoted Turkish Banking Regulation and Supervision Agency Director Mukim Oztekin as saying on Tuesday.
According to him, banks with assets exceeding $100 billion are among those that appealed for a license. The Dutch Rabobank, Industrial and Commercial Bank of China, the Japanese Mitsubishi Bank, the Italian Intesa Bank and the British Standard Chartered Türkiye have applied for a license and are waiting for a response.
Oztekin said the share of foreign participation in the total capital of the Turkish banking sector is 16.7 percent, and this figure does not pose any risk to the country's banking sector.
He said the number of banks in Turkey will increase to 60 in the coming years.
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