"ING steps into Turkish finance as it completes Oyak Bank acquisition
The Dutch-based global finance giant ING Group has started its initiative in Turkey with the completion of the acquisition process for Oyak Bank, which was the Armed Forces Pension Fund’s (OYAK) representative in the finance business.
Eli Leenaars, the ING Group executive board member responsible for ING’s global retail banking operations, said the approval of the sale agreement by the Banking Regulatory and Supervision Authority (BDDK) was like a very special Christmas gift for them. The BDDK had issued the approval for the sale of the bank on Dec. 24, 2007."
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