Tuesday, February 06, 2007

BankNet 360 - Banks Mine New Market in Turkey

"Banks Mine New Market in Turkey
Posted by Oksana Poltavets on Feb:16:25 PST

Despite the nation’s volatile government, frequent complaints of unfair treatment for foreign investors in the legal system, halted negotiations for European Union membership, and an economic meltdown six years ago, foreign banks, including New York-based Citigroup Inc. [ticker: C] have been buying stakes in local financial institutions for the past two years."

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