Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

VakıfBank becomes first Turkish lender to obtain license in Qatar

by DAILY SABAH

ISTANBUL May 18, 2020 - 3:22 pm GMT+3
The headquarters of state-run bank Vakifbank is seen in Istanbul. (Reuters Photo)
The headquarters of state-run bank Vakifbank is seen in Istanbul. (Reuters Photo)
by DAILY SABAH May 18, 2020 3:22 pm

Turkish public lender VakıfBank has obtained a banking license in Qatar, it announced Monday.

The bank's announcement came after it received approval from the Qatar Financial Center Regulatory Authority (QFCRA) to carry out banking activities in the country.

It has thus become the first Turkish bank to get the license in Qatar, the bank said in a press release.

The bank plans to launch its operations in Qatar after the coronavirus pandemic, said Abdi Serdar Üstünsalih, the bank's general manager.

Üstünsalih stressed the lender also looks to accelerate necessary applications in China following the pandemic and start operations as soon as possible.

VakıfBank has three international branches located in New York, Bahrain and Irbil. In addition, it operates in Austria with a subsidiary, VakıfBank International AG, which has branches in Vienna and Cologne.

The fourth-largest bank in Turkey in terms of asset size, the bank currently operates through 937 branches and 4,256 ATMs.

  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    banking turkey vakıfbank qatar
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Mayan pyramid and ruins in the famous Tikal National Park, Guatemala. (Getty Images Photo)

    Scientists discover 417 Mayan cities in Guatemala's forested area

    mayan-city
    Flags of Türkiye and Egypt are seen in this undated file photo. (Shutterstock File Photo)

    Erdoğan, el-Sissi agree to reappoint Turkish, Egyptian envoys

    TÜRKIYE-EGYPT-RELATIONS

    Erdoğan meets with former economy chief Mehmet Şimşek: Sources

    Turkish-economy
    No Image
    Traditional hawk festival in Doha 2022
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021