BTMU to grow Turkey presence

July 04 2012 17:08:55

BTMU to grow Turkey presence

ISTANBUL - Anatolia News Agency

The Bank of Tokyo-Mitsubishi UFJ (BTMU) is set to scale up its representative office in Turkey and employ nearly 50 people, according to Japanese daily Nikkei.

The office is expected to be established in November once the bank receives the necessary authorization before becoming functional in October 2013.

By increasing its representation in Turkey, the bank plans to officially become active in the Turkish market, according to a company announcement. The bank plans to apply for the establishment of its Turkish subsidiary this month, according to the source.

The bank’s preliminary customers will be the subsidiaries of Japanese firms present in Turkey, according to Reuters. The BTMU Turkey office will act as a lender, accept deposits and carry out clearing operations.

Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant()

Labor unions visit parliament for minimum wage talks

Treasury raises $2.5 billion via lease certificate issuance

Plan to renationalize UK railways gets green light

Central Bank once again keeps interest rate on hold at 50 pct

Turkish households solely powered by wind and solar

Consumer confidence weakens in November, shows TÜİK data

Number of EVs on Türkiye’s roads exceeds 150,000

Indian billionaire Gautam Adani charged with fraud

WORLD

ICC issues arrest warrants for Israeli Premier Netanyahu, Gallant, Deif

In a landmark move, the International Criminal Court on Thursday announced it had issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant over war crimes it accuses them of carrying out in Palestinian territories, including Gaza.

ECONOMY

Treasury raises $2.5 billion via lease certificate issuance

The Treasury and Finance Ministry has issued lease certificates in the international capital markets with a size of $2.5 billion and a maturity of 5.5 years.

SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.