Buttressed by an improving economy and foreign buyouts, including the National Bank of Greece’s acquisition of a controlling minority stake in Finansbank, Turkey’s eighth biggest bank, the nation’s banks are rapidly growing and forging global links.
The National Bank of Greece’s purchase of a 46% share in Finansbank for $2.77bn on April 2 is viewed as a vital step in improving the often hostile relations between Greece and Turkey and easing Turkey’s admission into the EU.
