(Apr 27, 2015, (Addis Ababa))--Turkey’s largest state-owned lender, Ziraat Bank, has proposed opening the first foreign-owned bank branch in Ethiopia, Turkish Economy Minister Nihat Zeybekci has said. Speaking at the Turkey-Ethiopia Business Forum in Ankara on April 27, Zeybekci said Turkish lender Ziraat Bank was awaiting a response from Ethiopia on its proposal.
“Ziraat Bank sent a proposal to open a branch in Ethiopia. First, the bank will open an office there, then the bank will be the first bank to obtain a banking license in Ethiopia,” he said. “I think that everything is positive and it will be positive to open before the end of the year,” he said.
Ziraat employs more than 24,000 people in 1,700 branches and has 57 branches in foreign countries including Germany, Bosnia and Herzegovina, Kazakhstan, Russia, the U.K., the U.S., Georgia, Bulgaria and Greece.
Turkey ‘top foreign investor’ in Ethiopia
Turkey is one of the leading countries in terms of foreign direct investment in Ethiopia, along with China and India. There are more than 350 Turkish companies operating in Ethiopia to date. These companies have created jobs for more than 50,000 Ethiopians. Read more from Hurriyet Daily News »
“Ziraat Bank sent a proposal to open a branch in Ethiopia. First, the bank will open an office there, then the bank will be the first bank to obtain a banking license in Ethiopia,” he said. “I think that everything is positive and it will be positive to open before the end of the year,” he said.
Ziraat employs more than 24,000 people in 1,700 branches and has 57 branches in foreign countries including Germany, Bosnia and Herzegovina, Kazakhstan, Russia, the U.K., the U.S., Georgia, Bulgaria and Greece.
Turkey ‘top foreign investor’ in Ethiopia
Turkey is one of the leading countries in terms of foreign direct investment in Ethiopia, along with China and India. There are more than 350 Turkish companies operating in Ethiopia to date. These companies have created jobs for more than 50,000 Ethiopians. Read more from Hurriyet Daily News »
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