Turkey’s banks are the bedrock of its economic success and none is bigger than Isbank, the largest by assets. What is less well known is that the bank is a conglomerate, comprising not just other financial firms such as Is Securities and Is Asset Management but also large industrial concerns such as Sisecam, a speciality glass manufacturer.
Even though Isbank owns the largest securities house, the largest asset management company, the largest private equity business and the largest real estate investment trust, all these are small compared with the size of the bank.
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