{"id":568918,"date":"2025-07-01T07:05:41","date_gmt":"2025-07-01T06:05:41","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=568918"},"modified":"2025-07-01T08:20:13","modified_gmt":"2025-07-01T07:20:13","slug":"mashreq-bank-opens-turkiye-office-to-boost-regional-ties-and-trade","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/mashreq-bank-opens-turkiye-office-to-boost-regional-ties-and-trade\/","title":{"rendered":"Mashreq Bank opens T\u00fcrkiye office to boost regional ties and trade"},"content":{"rendered":"

\"Mashreq\"<\/p>\n

Mashreq Bank<\/a> has opened a new office in T\u00fcrkiye to better support Turkish banks and businesses.<\/p>\n

The move forms part of Mashreq\u2019s wider growth strategy to expand its regional and international footprint and to enhance its role in channelling capital flows and risk capacity to Turkish banks and businesses.<\/p>\n

Mashreq is a bond<\/a> transaction by Turkish borrowers, including capital raisings for prominent banks. The new office is intended to strengthen these relationships and facilitate greater access to cross-border financial solutions.<\/p>\n

Ahmed Abdelaal, Group CEO at Mashreq,<\/strong> said, \u201cThis strategic milestone strengthens our ability to support clients in T\u00fcrkiye and the broader region with world-class financial solutions, while advancing our vision for sustainable and diversified growth.\u201d<\/p>\n

Joel Van Dusen, Group Head of Corporate and Investment Banking,<\/strong> said, \u201cLeveraging Mashreq\u2019s digital-first infrastructure and global expertise, we are well-positioned to facilitate cross-border trade, enhance capital access, and contribute meaningfully to T\u00fcrkiye\u2019s financial ecosystem.\u201d<\/p>\n

The development comes as bilateral trade between the UAE and T\u00fcrkiye continues to grow, with trade volumes surpassing $20 billion in 2024 alone.<\/p>\n

Mashreq\u2019s expansion in T\u00fcrkiye aligns with its broader ambition to build its presence in key markets while investing in digital capabilities and customer-focused solutions that support cross-border trade and economic growth.<\/p>\n

In the first quarter of 2025, Mashreq reported net profits after tax of AED 1.79 billion, compared with AED 2.04 billion in the same period last year.<\/p>\n

The new T\u00fcrkiye office is expected to play a role in strengthening regional financial connections and supporting clients as they navigate evolving market opportunities.<\/p>\n","protected":false},"author":35851,"featured_media":568919,"parent":0,"template":"","categories":[11395,43159,11381,41779,11368,11376,42764,11379,35279,11384],"tags":[11668,12004,11438,16605,11515,13728,13816,16136,50275,13049],"class_list":["post-568918","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-apis","category-artificial-intelligence","category-banktech","category-core-banking","category-digital-banking","category-digital-payments","category-lending","category-loans","category-payments","tag-cross-border-payments","tag-digital-lending","tag-digital-payments","tag-expansion","tag-fintech","tag-mashreq","tag-mashreq-bank","tag-mena","tag-office","tag-turkey"],"acf":[],"yoast_head":"\nMashreq Bank opens T\u00fcrkiye office to boost regional ties and trade - IBS Intelligence<\/title>\n<meta name=\"description\" content=\"Mashreq Bank has opened a new office in T\u00fcrkiye to better support Turkish banks and businesses, is a part of Mashreq\u2019s wider growth strategy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/mashreq-bank-opens-turkiye-office-to-boost-regional-ties-and-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mashreq Bank opens T\u00fcrkiye office to boost regional ties and trade\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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