In Turkey there are many sectors active and dynamic and the banking sector is one of them. The dynamism of the banking sector is a result of the lifting of certain restrictions that regulate it in the 1980s, as well as the liberalization of interest and foreign exchange and the entry of more foreign banks into the foray. Around 80% of the country’s gross domestic product (GDP) is contributed by the banking ...

Turkey is making some economic reforms in order to become part of the European Union. As a result, the Turkish banking industry has seen many changes. These changes include massive restructuring and various banking mergers that have made their marks on the financial history of Turkey. You can see the biggest of these banking mergers and acquisitions in the following: Denizbank AS First, Denizbank was a stat ...