TurkishBank UK has officially opened its account and completed the first transactions with Euroclear, which is the world’s leading safekeeping financial services company. Euroclear safekeeps over €27 trillion globally and is now also trusted by TurkishBank Group.
Following a lengthy due diligence process, TBUK as the main account holder has opened it’s account, with Group Banks as the main account holders. With the long-term safeguarding of the Group’s assets, this account ownership holds significant value.
The process is a great example of Group synergy as it has taken teams across all Group banks working together. The TBUK Operations and Treasury Teams deserve a notable mention for their hard work in executing the transactions.