AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.accessmylibrary.com/coms2/summary_0286-25405885_ITM" title="Facts and information about Banks cry out for partners; the Turkish government is urging banks to merge, and the banks are beginning to respond willingly. (Turkey report).(Brief Article)">Banks cry out for partners; the Turkish government is urging banks to merge, and the banks are beginning to respond willingly. (Turkey report).(Brief Article)</a>

Close Set up an RSS feed that alerts you when new articles from Acquisitions Monthly are available.

Frequently asked questions about RSS feeds

Banks cry out for partners; the Turkish government is urging banks to merge, and the banks are beginning to respond willingly. (Turkey report).(Brief Article)

Acquisitions Monthly

| May 01, 2002 | Sen, Neil | COPYRIGHT 2003 Thomson Financial Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

No sector in Turkey is keener to attract foreign investors than the capital-hungry banks. Some 20 banks went bankrupt during the financial crisis last year and now a round of mergers has been officially sanctioned: the government has asked the smaller banks to merge and the bigger banks to form joint ventures at least. According to data from Andersen, there are some 60 banks left in Turkey, still too many as far as industry observers are concerned.

M&A in the next round

"First we saw failures and closures; now we are going to see some M&A," says Can Deldag, head of Andersen's corporate finance and transaction support business in Istanbul. There have been some important signs of …

View articles courtesy of your local library

Related articles from newspapers, magazines, journals, and more


Capital markets: Hearty appetite for Turkey's unwrapped paper - Turkish Banks...: Magazine article from: The Banker Murray, Michael February 1, 2006 700+ words
...deal out of Turkey. "There has...tranches, so Turkish banks have been taking...been growing. Turkey is a target...which presented Turkish banks with the chance...business in Turkey, and for Turkish banks in particular...


Pathways to Work with Turkish Banks to Establish Smart Card Systems in Turkey.: Press release article from: PR Newswire October 5, 2000 700+ words
...into agreements with several Turkish banks to work cooperatively to develop...for business requirements in Turkey, including the establishment...for all participating banks. Turkey, with a population of approximately...Proton operating license for Turkey for the creation of a Proton...


TURKEY: FOREIGN CURRENCY DEPOSIT RATINGS OF 13 TURKISH BANKS.: News wire article from: Asia Africa Intelligence Wire February 16, 2005 700+ words
...ratings of thirteen Turkish banks to positive from stable...Export Credit Bank of Turkey A.S. These actions...and bank deposits in Turkey to positive from stable...currency deposit ratings of Turkish banks is automatic, given...for such deposits in Turkey because of their ...


TURKEY: MOODY'S INVESTORS SERVICE RAISES OUTLOOKS FOR TURKISH BANKS.: News wire article from: Asia Africa Intelligence Wire October 22, 2003 700+ words
...currency deposit ratings of rated Turkish banks to positive from stable following...foreign currency deposit ratings of Turkish banks, including banks with weak financial...rating of Export Credit Bank of Turkey (Turk Eximbank) has also been...


Turkey denies Saddam money deposited in Turkish banks.: News wire article from: Asia Africa Intelligence Wire October 18, 2004 700+ words
...2000 with Iraq under which it sold oil to Turkey at a favorable price as part of the Oil...said. "There was border trade between Turkey and Iraq at that time that was well known...Muhammad al-Ubaydi headed talks between Turkey and Iraq on the protocol. Under the deal...


Global News: BNP Paribas Joins Rush To Buy Into Turkish Banks Prior To EU...: Magazine article from: The Banker March 1, 2005 700+ words
...Investments AS from Turkey's Colakoglu Group...campaign to buy shares in Turkish banks, ahead of the start of Turkey's membership talks...ve Kredi Bankasi, Turkey's fourth biggest...of the assets of Turkish banks.


Foreign trust in Turkish banks continues despite fluctuations.: Newspaper article from: Turkish Daily News July 3, 2006 700+ words
...made by the Turkish banks in a positive...interest in Turkey is that trust...have trust in Turkey. Credit obtained abroad by Turkish banks reflect the...the credit Turkish banks obtained abroad...discipline in Turkey are perceived...


Fitch upgrades Long-Term ratings of Turkish banks.: News wire article from: Asia Africa Intelligence Wire February 10, 2004 700+ words
...Ratings has upgraded the Long-term foreign currency and local currency ratings of a number of Turkish banks following its upgrade of the Republic of Turkey's sovereign. As a result of the upgrade, the rating Outlooks are now Stable. The banks...


Fitch upgrades long-term ratings of Turkish banks.: News wire article from: Asia Africa Intelligence Wire October 2, 2003 700+ words
...Ratings has upgraded the long-term foreign currency and local currency ratings of a number of Turkish banks, following its upgrade of the Republic of Turkey's sovereign rating on September 25, 2003. Additionally, Fitch has changed the support...


S&P raises credit ratings on Turkish banks.: News wire article from: Asia Africa Intelligence Wire July 30, 2003 700+ words
...counterparty credit ratings on Turkey-based T.C. Ziraat Bankasi...ratings on the Republic of Turkey. "The soundness of the Turkish...analyst Emmanuel Volland. Turkish banks are also benefiting from the...macroeconomic situation in Turkey, as evidenced by the strong...

For more facts and information, see all results

The AccessMyLibrary advertising network includes: