Akbank proposes investing in Turkish bonds and other government instruments.
As Turkey prepares to join the EU, and following Israel's equalizing taxes on foreign and domestic investments, senior officials from Akbank (ISE:AKBNK) are visiting Israel today as guests of Gift Asset Management Ltd. The Turkish bankers will propose that Israeli private and institutional investors invest in the Turkish capital market.
Akbank proposes investing in bonds on the Turkish capital market and inother relevant products issued by the Turkish government. Akbank is also offering special financial instruments, and investments through investment funds it manages. Israeli investors interested in cooperating with Turkish entities may receive professional banking assistance.
Akbank's proposal is based on the potential of the Turkish market for Israeli investors seeking to make money in a country with a high growth rate, due in part to its planned accession to the EU.
Founded in 1948, Akbank is Turkey's largest and most profitable private bank. It has 633 branches in Turkey, seven in Germany, and one each in Malta and the Netherlands.
Published by Globes [online], Israel business news - www.globes.co.il - on March 1, 2005