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Turkey to acquire 50% share in Uzbek bank

Business Materials 8 September 2017 18:12 (UTC +04:00)

Baku, Azerbaijan, Sept. 8

By Rufiz Hafizoglu – Trend:

Ziraat Bankasi, a Turkish state-owned bank, will acquire a 50-percent share in Uzbekistan’s UTBANK, Turkish media report Sept. 8.

An agreement on this was reached during the visit of Deputy Prime Minister of Uzbekistan Jamshid Kuchkarov to Ankara.

Also, the Uzbek side signed an agreement with Turkey’s national flag carrier airline, Turkish Airlines, to open a new flight between Istanbul and Samarkand.

Currently, 479 companies with Turkish share, including 199 joint ventures, operate in Uzbekistan.

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Follow the author on Twitter: @rhafizoglu

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