Page 37 - TURKRptNov22
P. 37
7.1.3 Bank news
Turkey’s Banking and Regulation Agency, BDDK, has approved the establishment of a new investment bank, Q Yatirim Bankasi.
The initial capital of the bank is Turkish lira (TRY) 500mn ($27mn). The shareholders include individual investor Ali Ercan, Bien Finance Faktoring, Gezinomi Travel and Tourism and venture capital firm Allbatross.
There are 16 development and investment banks in Turkey, excluding Q Yatirim. Their total assets stand at TRY771bn.
37 TURKEY Country Report November 2022 www.intellinews.com
