Turkey, Syria, Jordan, Lebanon sign banking cooperation deal

Today’s Zaman - Turkey signed a regional cooperation agreement in the field of banking with three of its southern neighbors with whom it envisions establishing a single market, the head of the country's central bank said on Monday.

The Central Bank of the Republic of Turkey’s Governor Durmus Yilmaz addressed bankers from Syria, Lebanon, Jordan and Turkey at a conference entitled “Enhancing Shamgen Banking: Turkey, Syria, Lebanon and Jordan” in Istanbul yesterday. “As a result of this agreement, trade and investments between these countries will be supported and facilitated,” he said, adding that the planned agreement will also complement free trade and visa-exemption agreements signed earlier between the four countries.
turkey; financial services; turkish banking system; regional cooperation; banking industry; durmus yilmaz; central bank; syria; lebanon; jordan; shamgen