"First Greek-Turkish commercial bank on the horizon
An application to establish the first-ever joint Greek-Turkish commercial bank is expected to be filed with the Bank of Greece this month under the name Aegean Business Bank.
According to a business plan unveiled by the venture's investors, the new bank aims to open 26 branches in Greece and Turkey over the next five years, along with its listing on both the Athens and Istanbul stock exchanges.
A share capital of 60 million euros is envisioned for the new retail bank.
The venture was unveiled in Athens by the president of the Greek-Turkish chamber of commerce, Panayiotis Koutsikos; the representative of the founders' committee, Dimitris Alexopoulos, and the representative of the Izmir Chamber of Commerce, Ali Tuna Turkay. "
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