30.04.2014 China’s ICBC acquires Turkish lender The - TopicsExpress



          

30.04.2014 China’s ICBC acquires Turkish lender The Industrial and Commercial Bank of China (ICBC), the world’s largest lender by total assets, has announced an agreement with Turkish GSD Holding for the acquisition of 75.5 percent shares in Tekstilbank. Subject to approval by the relevant authorities in Turkey and China, the TRY 669 million (approx. USD 314 million) deal is slated to make the Chinese lender the latest entrant in Turkey’s lucrative banking sector. #turkey #investment #invest #lender #china #retail #banking #finance #asset
Posted on: Fri, 02 May 2014 10:50:58 +0000

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