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Ziraat Bank opening subsidiaries and branches in Montenegro

Ziraat Bank opening subsidiaries and branches in Montenegro

29.12.2014 14:11:58 12 14 16 18 yazdır
Turkish state-run Ziraat Bank has formally submitted an application to Central Bank of Montenegro for a license to operate in the country.

Speaking to Belgrade daily 'Danas', Ambassador of Turkey to Podgorica, Mehmet Niyazi Tanilir said that the bank will enable Montenegrin small and medium-sized enterprises to have access to affordable credit and closed factories will be revived thanks to the Turkish Ziraat Bank.


"This could be an additional impetus to Turkish investments," said Tanilir recalling the investments of Turkish companies Tosçelik, which two years ago bought the Niksic steel mill, as well as company Global ports, which bought the majority stake in Montenegro's Port of Bar.


Stressing that Turkey is the seventh in amount of foreign investment in Montenegro, Tanılır said that Turkey aims to increase the amount of Turkish investments in the country.


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