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Turkey to Give License to Lebanon’s Bank Audi, Vatan Reports

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Oct. 6 (Bloomberg) -- Turkey’s banking regulator is expected to give a license to Lebanon’s Bank Audi Sal-Audi Saradar Group to set up a bank in the country, Vatan newspaper reported, without saying where it got the information.

Bank Audi accepted the regulator’s minimum capital requirement of $300 million and is awaiting a final approval to become the 49th bank in Turkey, the Istanbul-based newspaper said.

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Link to Company News:{AUDI LB <Equity> CN <GO>}

To contact the editor responsible for this story: Aydan Eksin at

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