Turkey

Awards of Excellence

Central and Eastern Europe regional awards

In the three-way wrestling match between Akbank, Garanti Bank and Isbank, it is Garanti that comes out on top. That’s thanks to an impressive set of results in the past year, which has seen it post the best figures of the three for a range of measures including net banking income growth, up 47.5%, and pre-tax income growth, up 39.9%. Looking ahead to 2008, the country’s big three face a growing challenge from a revitalized Yapi Kredi Bank. Thanks to the backing of UniCredit and Koc Holding, YKB looks on course to gatecrash the party next year as it seeks to regain its one-time market leadership.

The award for best equity house goes to Is Yatirim, which has enjoyed a highly successful few months this year, with both a well-received initial public offering in its own right, which was 15 times oversubscribed, followed up by the blow-out $1.9