Kazakhstan-based e-commerce and fintech group Kaspi.kz has received approval from Turkey’s Banking Regulation and Supervision Agency (BDDK) to acquire Rabobank AŞ, Rabobank’s Turkish subsidiary. The acquisition marks a significant expansion for Kaspi.kz into the Turkish market. Details of the deal, including the financial terms, were not immediately disclosed. This move allows Kaspi.kz to broaden its financial services offerings beyond Kazakhstan. Rabobank has been seeking to streamline its international operations, making the Turkish branch a suitable candidate for sale. The transaction is expected to close pending final regulatory approvals and customary closing conditions. This acquisition signals growing interest from Kazakh investors in the Turkish financial sector.