Sberbank's Entrance into Turkish Banking Sector and Reasons of This Decision

Yaman, Kemal
September 2014
International Journal of Economics & Financial Issues (IJEFI);2014, Vol. 4 Issue 3, p539
Academic Journal
In this paper, recent market access of the biggest bank in Eastern Europe, Sberbank of Russia, to the Turkish banking sector is investigated. The motives of Sberbank's act are considered. Despite a long history of confrontation, Turkey and Russia have come closer in recent years, especially through stronger cooperation in energy sector, trade and tourism. In the first part of this article, economic and political relations between both countries are examined. In the second part, reasons for purchasing Denizbank are investigated where both banks' positions in their own countries are questioned. Also, the consequences of Sberbank's entrance to the Turkish banking sector for both countries' relations are studied. Finally, it is observed that the access of Sberbank will reinforce the economic and social relationship between two countries and it will be a leader for Russian companies to enter Turkey's prospective and lucrative sectors.


Related Articles

  • Customers Rally Around Shepherdstown Business Owners. WIANT, JESSICA // State Journal (WV);1/23/2015, Vol. 31 Issue 4, p12 

    No abstract available.

  • Private sector 'not ready for more outsourcing'. Conrad, Mark // Public Finance;10/29/2004, p9 

    Reports on the inability of the private sector to deliver outsourced services in Great Britain. Statements of John Williams, public services director at the CBI, regarding capacity constraints faced by private companies; Lack of ideas on how to maintain competitive markets for public services;...

  • Hipperson tells private sector: 'Stop throwing brickbats'  // Public Private Finance;Mar2005, Issue 91, p4 

    Reports that Simon Hipperson, president of global infrastructure group Skanska BOT has called on the public-private partnership (PPP) industry to be more constructive when dealing with the problems of large-scale public procurement. Criticism of commends made by the Major Contractors Group about...

  • Chapter 4: Recovering from Economic Bust. Rotberg, Robert I.; Kubuitsile, Lauri // Uganda;2005, pN.PAG 

    This chapter presents an overview of the business sector of Uganda. In the years of Uganda's newly won independence, the country had one of the most productive economies in East Africa. However, mismanagement during Colonel Idi Amin's reign nearly destroyed the Ugandan system, and the years...

  • Private sector pay awards stand at just 1%.  // Personnel Today;8/25/2009, p13 

    No abstract available.

  • Domestic Perspectives.  // Survey of Current Business;Aug2004, Vol. 84 Issue 8, pD-4 

    Presents charts on the business sector of the U.S. from 2002 to 2004. Inventories and sales in manufacturing and trade; Industrial production indexes and capacity utilization rate; Statistics on credit market borrowing.

  • Private sector steps in to address nano concerns.  // ENDS (Environmental Data Services);Oct2008, Issue 405, p26 

    The article discusses two schemes that the private sector in UK has developed in order to address nano concerns. These are AssuredNano and Cenarios, designed to help firms identify and minimize sources of risks for workers handling nanotechnology and to carry out risk assessments as required by...

  • Learning About Our Economic Backbone. Edlin, Bob // New Zealand Management;Apr2008, Vol. 55 Issue 3, p25 

    The author comments on the economic sectors and business demographic statistics in New Zealand. He says that agriculture is considered as the economic backbone of the country, but only in 2008 it has been included in the business demographic statistics of the publication "Statistics New...

  • Mammoth empowerment deals.  // Finance Week;5/31/2004, p31 

    Reports on the empowerment deals in the business sector in South Africa in 2003. Value of the deals; Forecast on empowerment trend; Views of Derrick Msibi, a head at OMAM, on the trend.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics