Unlu & Co to launch an investment bank

Unlu Yatirim Holding (Unlu&Co) has applied the Banking Regulation and Supervision Agency (BDDK) for establishment of an investment bank.

The capital size of the bank will amount to TRY 300m, while Unlu&Co will participate 99.9996% in the capital, according to a statement from the company made to the Public Disclosure Platform.

“Our goal is to form an investment banking group, to continue its existence even 100 years later and to maintain its success, leadership and entrepreneurial spirit,” said Mahmut L. Unlu, CEO and Chairman of the Board of Directors of Unlu & Co.

The company, which was offered to public in June, will use the resource for new investments and development of operations.

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