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Turkey's Ziraat to launch new Islamic bank on May 29

  • 05 March, 2015

ISTANBUL, March 5 (Reuters) - State-run Ziraat Bank, Turkey's biggest lender which is not listed, plans to launch a new Islamic lender on May 29, its general manager said on Thursday.

The lender will be a Ziraat subsidiary and capital of $300 million, which it has received from the Treasury, Ziraat General Manager Huseyin Aydin told reporters. The bank plans to open 20 branches, he said.

(Reporting by Ebru Tuncay; Writing by Ayla Jean Yackley; Editing by Ece Toksabay) ((; +90 212 350 7000; Reuters Messaging: