"Turkey Buoying Greece Becomes National Bank’s Profit Strategy
May 09, 2010, 5:28 PM EDT
By Niklas Magnusson and Mark Bentley
May 10 (Bloomberg) -- Greece’s biggest bank is relying on Turkey to pull it through an economic crisis at home.
National Bank of Greece SA plans to open 75 branches from Ankara to Izmir this year to benefit from Turkish economic growth that is forecast to reach 5.2 percent. National Bank earned more last year at its Istanbul-based Finansbank AS unit than it did in Greece."
More:Turkey Buoying Greece Becomes National Bank’s Profit Strategy - BusinessWeek
