Competition Council authorises takeover of Garanti Bank and Motoractive IFN by Raiffeisen Bank

The Competition Council has approved Raiffeisen Bank's acquisition of Garanti Bank and Motoractive IFN, finding no significant competition issues. Raiffeisen Bank, part of Raiffeisen Bank International AG, offers diverse financial services. Garanti Bank serves both individual and corporate clients, while Motoractive IFN specializes in financial leasing. The decision will be made public after removing confidential details.