Bahrain bank unit to expand in Turkey
Taib Bank BSC, the Bahrain-based investment bank controlled by Dubai’s ruling sheikh, said its Turkish unit bought Istanbul-based corporate finance advisors PDF. Taib Yatırım, the brokerage unit of Taib YatırımBank, bought PDF in cash and shares to expand its investment banking services in Turkey, Taib said in an e-mailed statement yesterday, without disclosing the price. Taib’s Turkish broking unit will be renamed Taib-PDF Menkul Değerler, the statement said.
source: Turkishj Daily News
Tags: Banking & Mortgage