6/2/2011

Bank of China to open branch in Turkey

Milliyet - China’s state-owned lender, Bank of China (BOC) is set to open an office in Turkey, according to Turkey’s Minister of State and Deputy Prime Minister Ali Babacan. Speaking at the Turkish-Chinese Business Forum in Istanbul, Babacan stated that BOC has been granted the license to open an office in Turkey, based on an agreement signed earlier. “A Turkish bank will open a branch in China, according to the same deal,” said Babacan at the forum organized by the Turkish-Chinese Industrialists' and Businessmen's Association (TUCSIAD).

Emphasizing Turkey’s increasingly multi-faceted relations with China, Babacan said that Turkey aims to improve the comprehensive cooperation with the Asian country based on a long-term strategic partnership perspective.
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Turkey; china; turkish chinese business forum; bank of china; boc; turkey china trade; ali babacan