ONCE UPON A time the Turkish banking sector was exactly that – almost entirely Turkish in character. In the 1980s there were only a few foreign banks in the country’s financial services sector, which comprised a mix of state and private ownership with a collection of large universal banking institutions and small-sector specific players. Nowadays the banking scene is much more cosmopolitan, with a wide range of banks from across the globe pursuing increasingly aggressive expansion plans to take advantage of an improving economic climate and the consequent increase in the so-called bankability of Turkey’s large and fast-growing population.
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