Turkish state lender obtains license in Qatar

ISTANBUL

VakifBank, a Turkish state lender, obtained banking license in Qatar, it announced on Monday.

VakifBank became the first Turkish bank to get the license in Qatar, the bank said in a press release.

The bank plans to launch its operations in Qatar after the coronavirus pandemic, said Abdi Serdar Ustunsalih, the bank’s general manager.

VakifBank also aims to start operations in China, he added.