Details added (first version posted on 10:13)
Baku, Azerbaijan, Nov. 23
By Azad Hasanli – Trend:
Turkey’s Ziraat Bank plans to open three more branches in Azerbaijan, bank’s Director General Huseyin Aydin told reporters in Baku Nov. 23.
He reminded that at present, two offices of the bank – the head office and one branch - operate in Baku.
“We plan to open the remaining three branches in the Azerbaijani districts, where industry is developed,” Aydin noted.
Turkish Ziraat Bank’s subsidiary has been operating in Azerbaijan since 2015. The bank's shareholders are Ziraat Bank (99.98 percent), Ziraat Insurance (0.01 percent) and Ziraat Securities (0.01 percent).
Ziraat Bank has been present on the Azerbaijani banking market since 1995 as one of the co-founders of Azer Turk Bank OJSC, where the Turkish bank currently owns 12.37 percent.