For family and the state

Shielded from the full force of international competition, suckled by a government with a voracious appetite for debt, banking in Turkey has long been a very profitable business. But the country's big family-owned banks know this state of affairs can't last for ever. They are investing in technology and broadening their business mix. And any foreigner with a $2 billion appetite for Turkish risk might find a welcome in at least one bank boardroom. Metin Munir reports.

Caught in a credit crunch

More gain than pain from article 64

Oyak: the army in banking

Citibank: a school for bankers

With proliferation rather than consolidation the driving force, banking in Turkey is running counter to the international trend. Although the country was already overbanked, in the past decade the government has allowed 10 new banks to start up. In addition, three new banking permits were issued recently and more than 20 applications are pending before the treasury.

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