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.

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Banks	Common Usage of ATMs
Accomodition	Mandatory Health Insurance for Expats
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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