Doğan Holding applies for investment bank licence

Turkey’s Doğan Holding has applied to the Banking Regulation and Supervision Agency (BDDK) for a licence to establish a new investment bank, state-run Anadolu Agency reported on Friday. 

Doğan Şirketler Grubu Holding AŞ’s new venture is named “D Investment Bank”, according to the application made to the BDDK.

The investment bank will be established with starting capital of 150 million lira ($26.3 million), 99.9 percent of which belongs to the Doğan Holding as founding partner. 

Turkish media tycoon and billionaire Aydın Doğan’s conglomerate, which has interests in energy, real estate and tourism, in 1994 bought Dışbank, selling it 11 years later to Fortis Bank NV, which was later acquired by French-lender BNP Paribas SA.