OREANDA-NEWS. January 27, 2010. MGH informs that the main direction of its activity this year will establishment of a bank.

“Our objective is to acquire a control package of shares, purchase and creation of banks in 2010 in Azerbaijan, Russia, Tatarstan, Turkey and Kazakhstan. For access to banks markets f these countries this year we have started primary market research. In the first half of 2010 we expect to receive first bank licenses,” MGH says.

For these ends MGH has established budget of Maan Guarantee Consortium and Maan Guarantee Holding from at the level of US54 bn.

It was also stressed that the holding will continue investments in America, Azerbaijan, and Germany.

Maan Guarantee Holding A. S operates with 100% Turkish capital. Following 2009 its assets reached 40.1 bn Turkish liras.

Currently Maan is the owner of a 40% equity stake in BirlikBank and AZ Invest Sigorta.