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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
The Impacts of Foreign Share Holders on Turkish Banking System the Profitability Change of Akbank
Author(s)
Ahmet Salih İkiz
Full-Text PDF
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DOI:10.17265/1537-1514/2013.01.003
Affiliation(s)
Ahmet Salih İkiz, Ph.D., Economics Department, Muğla Sıtkı Kocman University.
ABSTRACT
The theoretical frame in economics assumes that foreign banks invest abroad in order to increase their profits. This is one of the main drivers of FDI to host companies. Main idea behind that is raising the profitability of invested local banks. Turkey attracted important amount of foreign investment to banking sector after the 2001 economic crisis. In this study after discussing the main incentives of foreign banks for the transfer of capital to Turkey, the author will clearly investigate the impacts of recent bank buyout operations in Turkey. Akbank which is one of the oldest banks in the sector as most of the local banks sold 20% of its share to a Citigroup. This paper will examine the change of profitability ratio of this bank after this operation in order to check theoretical assumptions.
KEYWORDS
Turkish banking sector, Akbank, Foreign banks, money & banking, FDI, Citibank
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References
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