Best bank – Akbank
Best debt house – Citigroup
Best M&A – Goldman Sachs
Best equity house – Garanti Securities
It’s been another tough year for Turkish banks, though 2002 showed good signs of recovery from 2001. The positive news, for the best privately owned banks, is that unfair competition from state banks looks to be on the wane, and the better banks will gain customers from expected consolidation among smaller or weaker banks.
At the top of the market, Akbank, Garanti, Yapi Kredi and Isbank still dominate.
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