Istanbul to become a financial center

A report prepared upon demand of The Banks Association of Turkey (TBB) said that, if Istanbul become someday a financial center, annual profits to be obtained from such a position would reach nearly 20 billion EUR.

Istanbul to become a financial center
TBB chairman and Is Bankasi DG Ersin Ozince made public the report at a press conference held in Istanbul.

Ozince said investors who eyed Turkey for their real estate investments would also prefer the country for its stock market --if Istanbul become a financial center. He also said Turkey had a financial potential and a serious capital accumulation.

"We need an engine that can drive the Turkish economy and a financial sector that will carry out the wealth transfer," Ozince said.

He said there was no bigger economic capital than Istanbul in the region and Istanbul would find its deserved position, one way or another.

"The government should be the promoter of such a process and it should be committed to this issue," Ozince said.


Güncelleme Tarihi: 11 Aralık 2007, 12:00