Chairman of Union of Arab Banks, Adnan Ahmed Yousif, said on Thursday that several Saudi banks as well as banks from Qatar and United Arab Emirates were interested in Turkish market.

During "International Arab Banking Summit 2010: From Crisis to Financial Stability" in Istanbul, Yousif told A.A that the relations between Turkish and Arabian banks were very good, adding that they envisioned the relations would further develop.

He said that they were expecting a partnership would be set up between Turkey's Ziraat Bankasi and Commercial Bank of Syria, adding that those two banks would focus on commerce between Turkey and Syria.

The Union of Arab Banks is organizing the International Arab Banking Summit in Istanbul in cooperation with the Central Bank of Turkey, the Banks Association of Turkey, the Banking Regulation and Supervision Agency of Turkey, and the World Union of Arab Bankers on June 17-18.

The summit is entitled "From Crisis to Financial Stability". The topics to be debated in the summit are Turkish-Arab Cooperation for high competitive financial ventures.

The Union's headquarters is located in Beirut, Republic of Lebanon and has three major regional offices in Egypt, Sudan and Jordan.

The Union of Arab Banks comprises today more than (300) Arab financial and banking institutions representing the major and biggest Arab banks. This makes the Union the largest banking and financial consortium in the region.


AA