www.todayszaman.com - Iranian investors, who
established a record number of companies in Turkey last year, have
shifted their focus to the finance and banking sector as Western
sanctions implemented because of its controversial nuclear program have
eaten away at its economic maneuverability.
According to information Today's
Zaman obtained from Ankara financial circles, Iran's three biggest banks
have started to work in order to become the newest actors in the
Turkish banking sector. Tejarat Bank, Pasargad Bank and another bank,
whose name was not disclosed, have knocked on the door of the Banking
Regulation and Supervision Agency (BDDK) recently. The financial
sources, which preferred to remain anonymous because of the sensitivity
of the matter, said a written request has already been sent to the
Ministry of Foreign Affairs to apply for a banking license from scratch.
The government will make the final decision regarding this issue. (source)
