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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

National Bank of Kuwait considers buying stake in Turkey’s Garanti

Posted on 08 April 2010

From Arabtimesonline.com: Kuwait’s largest lender, the National Bank of Kuwait (NBK) said it was considering buying a stake in Garanti Bank as Turkey was one of the emerging world’s most attractive banking sectors.
“NBK wants to expand in Turkey, a country that has a lot of potential,” said NBK’s Chief Executive, Ibrahim Dabdoub, in an e-mailed statement. “We need to have a stronger presence there,” he said. “One of the options is a share in Garanti Bank.”……………………………………….Full Article: Source

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