Ziraat Bank, Türkiye’s leading financial institution, has commenced operations at its new office in the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region. The move reflects the bank’s continued commitment to provide financial services to its customers in the UAE and beyond.
The DIFC office will focus on enhancing relationships with regional financial institutions and facilitating international operations of its clients, including Turkish businesses.
Moreover, it will play a pivotal role in supporting entrepreneurs from the UAE in establishing and expanding their businesses through Ziraat Finance Group’s extensive network in Türkiye and other countries.
“Ziraat Bank holds the distinction of having the most extensive international service network among Turkish banks, with a presence in 19 countries and 123 service points globally. The opening of our representative office in Dubai underscores our commitment to expanding our global footprint with promising business environment and strategic advantages offered by the DIFC,” said said Dr. Ertan ALTIKULAÇ, Head of International Banking Group of Ziraat Bank Türkiye.
Recognised as the deepest financial centre between London and Singapore, DIFC has earned the trust of 250 banks, including 27 of the top 29 globally systemically important banks (G-SIBs) with its 20-year-strong reputation for transparency, effective regulation, and knowledge-building.
Last year, the UAE signed the Comprehensive Economic Partnership Agreement with Türkiye, which is expected to boost bilateral non-oil trade to more than $40 billion in the next five years, from about $19 billion as of 2023. Furthermore, strong banking ties exist between the two nations, which have been further solidified through various strategic investments and collaborations.
Ziraat Bank has a strong presence in the GCC region, with branches in Bahrain, Jeddah, Baghdad, and Erbil, in addition to its representative office in Cairo. The inauguration of the office in DIFC is a testament to the bank’s strategic vision to provide extensive, reliable service across the region.
