3/18/2010

Ziraat Bank ready to go public

 

Sabah - The “go ahead” has been given for the initial public offering (IPO) for Turkey’s largest bank. The preliminary works for the IPO of Ziraat Bank, currently the market leader with assets worth TRY 125 billion, have begun according to the Undersecretary of Treasury Ibrahim Canakci. The presentation published on the website of the Undersecretariat of Treasury states that the IPO of Ziraat Bank is likely to go ahead and that the final decision will be taken according to market conditions.

 

ziraat bank; public offering; ipo; turkish finance sector; turkish banking sector; bank shares

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