Posted by meb at April 28th, 2009

ISTANBUL – ING Groep NV will stick to its plans to double the size of its operation in Turkey by 2012, daily Milliyet reported, citing John McCarthy, chairman of ING Bank Turkey.

The bank plans to open 125 new branches by 2012 to double the number it had in 2007, the newspaper quoted McCarthy as saying. ING bought Turkish lender Oyak Bank from the Turkish military pension fund Oyak for $2.7 billion in 2007.
source: Hurriyet daily news

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