Financial System

The banking system covers most of the Turkish financial system. Almost all of the activities, both in the money and capital markets are carried out by banks. It is a consequence of the country's economic and historical development that Turkey's finance system and its banking sector are virtually synonymous with one another.

The Turkish financial system is based upon a universal banking system, which legally enables commercial banks to operate in all financial markets.

Despite their small market share, foreign banks have an important place in the Turkish banking system because of the new concepts and practices they have introduced. Particularly in the last decade, foreign banks have brought to the system new attitudes toward competition and dynamism. Turkish banks have begun developing strategies to replace unprofitable services and activities, install new services and increase profitability and competitive strength through better control of operating costs.

Istanbul Stock Exchange and Broker Companies are involved in both Turkish and international stock markets.

Also See:

Banks	Common Usage of ATMs
Accommodation	Home Sweet Home
For the Official Status	Documents to Carry With
Embassies and Consulates	Personal Security Precautions
Working in Turkey	Studying in Turkey
Turkish Legal System	Financial System
Communications	Translation Services
Speaking Turkish	Taxation
Customs Regulations	Pets
NGO's

Latest comments about this article

 By beerlady  17.8.2005

If you need someone who speaks English to help with your banking needs and opening accounts try Kadir on the 4th floor at Vakifbank next to MacDonalds in Aksaray..I don´t even wait at the counter, he does all transactions from his desk, automatic accounts, opening accounts, fixed deposit accounts etc.... excellent service and excellent english

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