Following regulatory nod received last month, the lender is gearing up to launch its first office in Istanbul, while the remaining branches will be opened over the next three to four years.
Operating through its representative office in Istanbul for 15 years, Rabobank is initially planning to provide trade financing and treasury services in the country.
Rabobank board member commercial banking Sipko Schat was quoted by Bloomberg as saying that the bank is focusing to boost its operation in faster-growing markets, including Brazil and Turkey.
The Dutch bank, which was established in 1898, said that it would trim down its operations somewhere, and invest in growing markets, although it had not disclosed the names.
The bank received Turkish financial regulators approval to form a bank in the country with $300m in capital last month, and now the bank is looking to expand in a market where other banks had a return on equity of 16% in the first half of this year.
"The Turkish banking industry is highly developed and competitive, in our segment in particular," Schat told the news agency.
"Returns are important but for us the importance is mainly in its growth potential, the strategic location and export potential."
