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Sibel Sanus, the executive vice-president of Bank Kapital’s international relations department, says that big Turkish banks may find it easy to sneer at smaller banks but asks: “how big are the big banks?
“The total asset size of all Turkish banks is $100 billion. Well that is 10% of Deutsche Bank’s total assets. Let’s face it, the whole of the Turkish banking sector is the size of a medium-size European bank.
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