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The largest banking group Mergers & Acquisitions in Turkey

Posted by admin in Finance Monday, 2 August 2010 12:03 No Comments

Turkey is making some economic reforms, part of the European Union to include. As a result, the Turkish banking sector has experienced many changes. These changes include massive restructuring and mergers of various banks, which have their brands on the financial history of Turkey.

the biggest of these banking mergers and acquisitions in the following:

Denizbank AS

first see Denizbank was a State Bank of Turkey. In the early 1990s, decided that Turkey has to join some of the state banks and Denizbank Emlakbank and merged.
After the merger Banking
Denizbank seemed too much energy. So Turkey decided to privatize it, was it the target of acquisition by Zorlu Holdings. Under umbrella of Zorlu Holdings, Denizbank prospered and became one of the largest banks in Turkey. Dexia now has, which is a bank of Belgium Denizbank.

Finansbank AS

We can simply say that more and Finansbank is one of the leading banks in Turkey. It was founded by Husnu Ozyegin, a leader in the banking sector in Turkey, in 1987. However, National Bank of Greece acquired Finansbank in 2006. This acquisition is the largest financial transaction ever took place between Turkey and Greece. be used

Oyak Bank Oyak bank to be a branch of First National Bank of Boston in Turkey. After Oyak Group bought a majority stake in the Oyak Bank . In 2001, Oyak Bank and realized Sümerbank a bank merger in the roof of Oyakbank and expanding its network throughout Turkey and Europe.

Turkiye Finans

One of the most interesting stories of bank mergers is Turkiye Finans’s. Anadolu Finans Kurumu AS of Boydak Holding and Family Finans Kurumu AS of the Ülker Group, has married and the merger which was completed in 2005, was the product of this marriage. Both parent companies are recognized leaders in Turkey, Trade and Industry.

Garanti Bank, based in Ankara started for the first time as an independent and privately owned businesses. In 1983, it was of Dogus Group, a conglomerate that Turkish interests in a range of areas, including the financing of this acquisition led to the growth of acquired Garanti. In 2005, General Electric and Dogus Group to split shares of Garanti agreed amount, making an equal partnership within the Bank.

Yapi Kredi Bankasi Yapi Kredi />

is The banking merger between these two units than the largest merger in the history of banking in Turkey. In 2006, the last step of the merger was completed and released as a result, Yapi Kredi Bankasi Koçbank was and had been formed.

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