Turkey’s banks put M&A centre stage
Growth at double and triple digit rates can be almost as much of a curse as a blessing. The problems range from considerations of quality, which can often take a back seat when loan portfolios are growing at more than 50% a year, to the logistical challenges of processing twice as many loan applications as the year before.
“Growing our loan book by 70% last year was a massive logistical challenge for us,” says Hayri Çulhaçi, executive vice-president in charge of strategic planning at Akbank.
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