(ANSAmed) - ISTANBUL, NOVEMBER 15 - Some USD 770 million
flowed into Turkey's private banking sector in the last year
alone, said Saltik Galatali, the private banking head of Turkish
lender Akbank, as daily Hurriyet reports. The money came largely
from Middle Eastern and developing Far Eastern countries, the
very same sources interested in Turkey's real estate sector,
which is increasing thanks to a recently enacted regulation that
facilitated foreigners' access to the local market. Citizens of
Middle Eastern countries, particularly Dubai and Qatar, are very
willing to acquire property in Turkey, Galatali said in
Singapore, where he received the 'Best Private Bank in Turkey'
award on behalf of Akbank from The Banker, a leading global
financial publication. Akbank opened a private banking office at
the beginning of the year in Dubai to tap into the potential in
the region, he said, adding that Akbank Private Banking aims to
reach an asset size of 1 billion Turkish Liras (435 million
euros) in the region. (ANSAmed).
