"Fortis deal to whet foreign appetite for Turkish banks
Saturday, April 16, 2005
Banking reforms have resulted in improved regulation and a less fragmented sector
James Thornhill
LONDON - Reuters
Foreign banks looking to gain a foothold in Turkey's banking sector may have to pay a little over the odds, but the country's huge growth potential should reward the gamble, fund managers say.
Dutch-Belgian bank Fortis announced this week a deal to buy Disbank, Turkey's seventh largest, marking the latest in a flurry of foreign takeover activity in the sector this year. "
More:Turkish Daily News - Fortis deal to whet foreign appetite for Turkish banks
