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Wednesday, November 02, 2011

Turkish 'Peasant' Banker Faces Sale - WSJ.com

Turkish 'Peasant' Banker Faces Sale
Potential Buyers Circle Dexia's DenizBank Unit, Which Has Weathered Economic Crises Well

BY MARC CHAMPION

ISTANBUL—Hakan Ates, chief executive of DenizBank A.S., is proud to say he is the cost-cutting "peasant" of Turkey's banking industry; it has made his bank a winner from two economic crises.

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