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Turkey’s Isbank Targets 17% Loan, 12% Deposit Growth, Vatan Says

Turkiye Is Bankasi (ISCTR) AS, Turkey’s biggest bank by assets, aims for loan growth of between 15 percent and 17 percent and deposit growth of 10 percent to 12 percent for 2012, Vatan newspaper reported, citing Chief Executive Officer Adnan Bali.

The lender will open a branch in Kosovo’s capital Pristina this year and ones in Baghdad and northern Iraq in the near future, Vatan said today. Isbank is looking into opportunities in Egypt, Pakistan, Azerbaijan and Georgia as part of its international expansion, the newspaper said.

To contact the reporter on this story: Sibel Akbay in Istanbul at sakbay@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at vwessels@bloomberg.net

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