For the complete report from the SABAH click on this link
Foreign banks hold % 40 of the credits in Turkey
Foreign banks are controlling the % 17, 5 of the system by buying shares in Turkey. Together with the shares they buy from the Stock Exchange, the ratio they control increases to % 33, 6.
Nowadays, the most popular debate in the banking sector is the growing dominancy of foreign banks. Some say, selling Turkish banks to foreign groups helps the growth of Turkish economy by increasing the capital. However, some believe this will led to unfixable problems in the near future when foreign banks take control of the Turkish banking system. Upon such debates, the Banking Regulation and Supervision Agency (BDDK) has prepared a 174 page report which gives detailed information about the Turkish banking sector.
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