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FINANCIAL SERVICES IN TURKEY
Banking sector dominates the Turkish financial industry, accounting for over 70 percent of overall financial services, while insurance services and other financial activities show growth potential too. There are 51 banks in Turkey (32 deposit banks, 13 development and investment banks, 6 participation banks). Out of 51 banks, 28 are classified as foreign banks (27% of total assets in the sector are held by foreign investors).
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