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Akbank gets DIFC licence
- United Arab Emirates: Thursday, November 12 - 2009 at 10:24
Turkey's largest bank in terms of market capitalization, Akbank has said that it has received a license to operate from the Dubai International Finance Centre (DIFC). Headed by Cem Atac, the new Akbank (Dubai) Ltd. will focus on mergers and acquisitions, manage IPOs and dual listings of Turkish firms. It will also act as placement agent or arranger of funds, give advice on financing long/medium term projects and provide private banking services.
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StaffThursday, November 12 - 2009 at 10:24 UAE local time (GMT+4)
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