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Bank Audi looking to expand in Turkey
- Lebanon: Wednesday, April 17 - 2013 at 06:01
Odeabank, the Turkish lender wholly-owned by Lebanon's Banque Audi, has said it may consider acquisitions in Turkey, as it is seeking to attain a top-15 position for the bank, Bloomberg has reported. Odeabank is aiming to more than triple its number of branches in Turkey to 32 at year's end from 10 at present, and increase staff to 950 from 550, said chief executive, Huseyin Ozkaya. "We would prefer to grow organically in Turkey," Ozkaya said. "But if the opportunity for a merger or acquisition came up, which is at a scale that would make us double or triple in size, then we would seize it."
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