TITLE

Western Banks Move Into Turkish Market

AUTHOR(S)
Freed, Dan
PUB. DATE
October 2006
SOURCE
Investment Dealers' Digest;10/23/2006, Vol. 72 Issue 40, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the growth of Turkey's commercial bankings that has attracted Western investment banks to do more acquisitions and business in the place. The privitization of state-owned monopolies is resulting to some big deals and attracting several foreign buyers. Demographic and the opening of new markets could lead to increase in prices in the stock market and could allow Turkey to expand its fixed-income market with the establishment of long-term lending rates.
ACCESSION #
22856423

 

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