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    Garanti launches ruble transactions

    Hürriyet Daily News
    23.04.2009 - 00:00 | Son Güncelleme:

    ISTANBUL - Garanti Bank, the Turkish lender co-owned by General Electric, has launched transactions in Russian ruble, a first in Turkey. Garanti now mediates import and export transactions made with Russian ruble.

    Firms can collect the cost of the export in ruble via Garanti. They can also open ruble accounts or change rubles. "GarantiBank Moscow, our subsidiary, has been offering efficient services to the investors in Russia since 1995. Now, we have built a structure to ease the life of the firms operating with Russian ruble in Turkey," said Ergun Özen, managing director of Garanti.


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