Integration Of Turkish Banking System To Global Market

Turkish banking system becomes to adapt new conditions and this impacts to increase competition in terms of new services and products. In particular, when foreign banks are coming to Turkish market, domestic banks lag behind in respect to new modernization of their diversify products and services. Banking system makes room for different kinds of financial activities such as leasing, factoring, and trading of gold. Under these circumstances, Turkish bank has three major groups which are commercial banks, investment and development banks and also interest free banks. In addition to this, banking system can be classified into three categories which are private-owned, state-owned and foreign banks. In Turkey, there are different kinds of banks in terms of categories and also many foreign bankers prefer to establish or bring their banking system. Thanks to economic and financial reforms, these provide with positive atmosphere for growth so as to encourage many