Turkey’s Ziraat Bankasi is planning to open five branches in the country and has already started talks with the central bank. Ziraat Bankasi runs a branch in the capital Sofia . The assets of the local unit of Ziraat rose by 8.2% y/y to BGN 48mn (EUR 24.5mn) as of end-June, accounting for less than 0.1% of the local market. Its net profit remained roughly unchanged on annual basis at BGN 490,000 in H1.
Source: Intellinews-Bulgaria Today