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Italian bank & financial company applies for new banking license

Posted on 31 March 2012

Istanbul, 21 March 2012 – According to sources in the Board of the Banking Regulation and Supervision Agency of Turkey, Intesa Sanpaolo, one of Italy’s largest bank and financial services company, has applied for a new Turkish bank operating license. Intesa Sanpaolo has tried to enter the expanding Turkish banking sector before when it made offers to buy Finansbank and Garanti Bank. Last year, after a period of more than ten years, The Board of the Banking Regulation and Supervision Agency of Turkey issued its first new bank operating license to the Lebanese Bank Audi. Source: Invest in Turkey

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