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Retail Banking in Turkey - Development & History
(presented by www.refinance-refinance.net - mortgage lenders)



By Serdar Pala

Retail banking in Turkey has not always been a successful endeavor. In fact, much of the retail banking development has occurred in just the past few years.

With the development of state banks in Turkey, retail banking has the potential to really take off in the country. Prior to the latest development projects, banking has been unable to meet the needs of the people. With high interest rates and high start up costs, banks were not able to open their doors to the public and serve the people. Especially those individuals that need to obtain a home loan.

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The history of retail banking has been relatively shaky in Turkey, only meeting the needs of 40% of the market that US banks do. Luckily, with newer development projects in the works and advances in retail banking procedure, Turkey

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This entry was posted on Sunday, October 1st, 2006 at 4:59 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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