ING, the Dutch financial services 
giant proposes to enter the Turkish banking sector by investing $2.67 billion in cash to acquire Oyak Bank. It was also planned that the financial bigwig would invest swiftly for extending its footprint in terms of market share by opening more branches, improving marketing and escalating internet banking. The Dutch banking group while continuing to focus on its core strengths of pension and emerging markets, had till now opposed large acquisitions. Last year’s ABN Amro fantasy, a Dutch banking rival now in the middle of a takeover, changed all that though.
For Complete IIPM Article, Click on IIPM Article
giant proposes to enter the Turkish banking sector by investing $2.67 billion in cash to acquire Oyak Bank. It was also planned that the financial bigwig would invest swiftly for extending its footprint in terms of market share by opening more branches, improving marketing and escalating internet banking. The Dutch banking group while continuing to focus on its core strengths of pension and emerging markets, had till now opposed large acquisitions. Last year’s ABN Amro fantasy, a Dutch banking rival now in the middle of a takeover, changed all that though.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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