| Erol Sabanci | ||||||
JPMorgan calls Akbank “The Rock” and “our top pick”. Merrill Lynch praises “its solid outperformance of the market” and its “sizeable liquidity and strong liability structure”. Rating agency Fitch reports that among the five major Turkish banks it is the only one that “is fully reserved for non-performing loans”.
As Turkey’s banking crisis continues unabated, Akbank, the crown jewel of the ultra-rich Sabanci family, emerges on top. Now it has embarked on a bold plan to professionalize its management.
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