A tech-savvy, young population and a fast-growing economy are resulting in rapid branch expansion by Turkey’s domestic branches.

Turkish banks are following the lead of the country’s vibrant export sector and expanding into new regional markets, but their strategies vary widely.

A combination of policy intervention in emerging markets and high residual risks in developed markets means volatility in emerging market currencies looks set to continue.

The new CEO of Akbank, Hakan Binbaşgil, explains to Brian Caplen how the past decade has seen the bank transformed by its embracing of new technology, pioneering new channels, targeting Turkey's youthful population, and keeping the customer central to everything it does.

Central bankers in emerging markets are discovering that they cannot achieve the twin goals of price and financial stability with the single tool of short-term interest rates.

Turkey’s largest bank, Isbank, enjoyed return on equity of almost 20% in 2010, but new chief executive Adnan Bali is preparing for any fallout from the eurozone crisis and tightening margins in the competitive domestic market.

Turkey's banks boast the kind of technology that would make many a US or European CIO envious. How have they managed to so comprehensively leapfrog their Western counterparts, and can this growth continue?