Spain's Giant Bank Voices Confidence In Turkish Economy

Spain's giant bank voices confidence in Turkish economy

Spanish prominent private lender and leading shareholder in Turkish private bank Garanti said its commitment to Turkey and Garanti has not changed.

ANKARA, (UrduPoint / Pakistan Point News - 14th Aug, 2018 ) :Spanish prominent private lender and leading shareholder in Turkish private bank Garanti said its commitment to Turkey and Garanti has not changed.

"We remain comfortable with our current position in the entity," the BBVA told Anadolu Agency.

The Spanish bank has 49.85 percent share and 11 percent of its total assets in Garanti.

The BBVA, founded in 1857, is the largest financial institution in Spain with its business volume. It has presence in several countries, including Mexico, South Africa, the US and Turkey.