Albank
Moderators: Soner, Dragon, PoshinDevon
-
- Kibkommer
- Posts: 1504
- Joined: Sat 07 Apr 2012 4:10 pm
Re: Albank
I believe they are the bank that have bought HSBC in Cyprus. An announcement is expected shortly, September has been quoted.
-
- Kibkommer
- Posts: 2109
- Joined: Sun 19 Aug 2012 7:24 am
Re: Albank
They are a purely Cypriot bank so probably only have to comply with TRNC banking laws.
Probably they are paying a large sum to take over HSBC so will need to attract funds with high interest rates - just a guess on my part.
Probably they are paying a large sum to take over HSBC so will need to attract funds with high interest rates - just a guess on my part.
-
- Kibkommer
- Posts: 873
- Joined: Wed 25 Jun 2014 2:15 pm
Re: Albank
Good Point about attracting funds. They are offering 15 per cent. on a million TL locked for 12 months.
-
- Kibkommer
- Posts: 2109
- Joined: Sun 19 Aug 2012 7:24 am
Re: Albank
Now if only I had a million TL............
-
- Kibkommer
- Posts: 873
- Joined: Wed 25 Jun 2014 2:15 pm
Re: Albank
150 K for 12 months before tax. Not bad.
-
- Kibkommer
- Posts: 1188
- Joined: Tue 02 Oct 2012 10:15 am
Re: Albank
I had once, before they took the zeros off.
Before you embark on a journey of revenge, dig two graves. Confucius 551-479 BC
- Keithcaley
- Verified Member
- Posts: 8087
- Joined: Sat 21 Apr 2012 6:00 pm
Re: Albank
I wonder if it's legal to form a 'consortium'...
... probably not, knowing this place...
... probably not, knowing this place...
-
- Kibkommer
- Posts: 2109
- Joined: Sun 19 Aug 2012 7:24 am
Re: Albank
Aha but will the million TL be there when you want to withdraw it??
If an interest rate is 'too good to be true' then it probably is!
If an interest rate is 'too good to be true' then it probably is!
-
- Kibkommer
- Posts: 924
- Joined: Mon 27 Aug 2012 10:13 am
Re: Albank
Isn't the owner related to Credit west owner??? Or have I got the wrong bank!! I heard that the bank likely to take over the HSBC is the brother of the Credit West owner. And therefore by default will be a direct competitor. Not sure if it's the one and same bank however ! Any one else heard this ?
-
- Kibkommer
- Posts: 2109
- Joined: Sun 19 Aug 2012 7:24 am
Re: Albank
Yes apparently he is the brother of CreditWest owner would be interesting to know what criteria there are for setting up a bank here & how he has the funds not only to set up a bank but also buy HSBC perhaps he has a loan from CW?
-
- Kibkommer
- Posts: 873
- Joined: Wed 25 Jun 2014 2:15 pm
Re: Albank
I believe Alpet are also involved , hence the name.
-
- Kibkommer
- Posts: 480
- Joined: Fri 18 May 2012 2:48 pm
Re: Albank
Not heard Alpet ,Altinbas which is owned by Creditwest.
-
- Kibkommer
- Posts: 5727
- Joined: Wed 25 Jul 2012 3:42 pm
Re: Albank
If you Google Altinbas Holdings and Altinbas Group, you see it is an enormous company funded initially on jewellery by Mehmet Altinbas in 1950.
Altinbas Jewelry
Credit West ** See Exim Bank in Turkey
Alpet Petroleum and Oils
Altinbas Sigorta
Credit West also have at least one branch in Ukraine which might explain some of the Ukrainian employees here in the TRNC and I think they may have other Jewelry outlets under another name starting with an A
Altinbas Jewelry
Credit West ** See Exim Bank in Turkey
Alpet Petroleum and Oils
Altinbas Sigorta
Credit West also have at least one branch in Ukraine which might explain some of the Ukrainian employees here in the TRNC and I think they may have other Jewelry outlets under another name starting with an A
-
- Kibkommer
- Posts: 214
- Joined: Tue 24 Apr 2012 9:29 am
Re: Albank
Johnny Lee
You mention 150K before tax, do you or anyone on the forum know of a way to avoid paying said tax----legally ?
You mention 150K before tax, do you or anyone on the forum know of a way to avoid paying said tax----legally ?
- Keithcaley
- Verified Member
- Posts: 8087
- Joined: Sat 21 Apr 2012 6:00 pm
Re: Albank
I don't - it's deducted 'at source' by the bank!
-
- Kibkommer
- Posts: 2109
- Joined: Sun 19 Aug 2012 7:24 am
Re: Albank
The current rate is 10%