NewsThe negotiations have begun! Arabs are buying the giant bank in Turkey.

The negotiations have begun! Arabs are buying the giant bank in Turkey.

The negotiations have begun! Arabs are buying the giant bank in Turkey.

01.10.2024 11:01

The Abu Dhabi Investment Authority has started negotiations to acquire Odeabank, which is ranked as the 21st largest bank among 54 banks in Turkey.

The Abu Dhabi Investment Authority (ADQ), which belongs to the United Arab Emirates (UAE), is preparing for a surprise investment in Turkey.

It has been revealed that the Abu Dhabi Investment Authority has started negotiations to acquire Odeabank, one of Turkey's most important banks. It was reported that the fund aims to strengthen its assets in Turkey and enhance its influence in the region with this move.

THE 21ST LARGEST BANK IN TURKEY

Founded by Bank Audi in 2012, Odeabank is ranked as the 21st largest bank among the 54 banks operating in Turkey. As of September 2022, the bank has 48 branches in 16 cities and employs 1,105 people.

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