Financial System
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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.
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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