Turkey's Vakifbank to open branch in Iraq's Irbil

Turkish lender Vakifbank will open a branch in the Iraqi city of Irbil by the end of the year.

Turkey's Vakifbank to open branch in Iraq's Irbil

Turkish lender Vakifbank will open a branch in the Iraqi city of Irbil by the end of the year.

Suleyman Kalkan, director-general of the Vakifbank, told reporters, "we applied to the central government of Iraq to open a branch in Irbil. We have already received a prior approval. We are planning to open our branch in Irbil by the end of the year."

Kalkan added that they were also planning to open another branch in Syria.

Vakifbank posted a non-consolidated net profit of 539.7 million TL (nearly 360 million USD) in the first half of 2010.

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Last Mod: 20 Ağustos 2010, 15:42
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