Greek-run Alphabank preparing to enter Turkish marketThe second largest bank in Greece, Alphabank, is preparing to start up business in Turkey, though bank leaders have issued precautionary comments in advance of action. The head of Alphabank, Yannis Costopoulos, has said "We will enter the Turkish market. But do not await big steps.
Turkish banks are very powerful." In a statement to the Greek newspaper Imerisia, Costopoulos said "Turkey is not like Bulgaria or Romania. Big Turkish banks are powerful, and use advanced technology. It will not be easy to compete with them." If Alphabank's efforts in the Turkish banking sector are successful, they will become the third Greek bank here following the Greek National Bank (NBG), which bought the Turkish Finansbank, and Eurobank, which purchased Tekfenbank.
Alphabank's move to start up activity in Turkey reportedly follows a green light from the Greek National Economic Minister, Yorgos Alagoskufis. Alphabank is currently active in Romania, England, Serbia, Albania, Bulgaria, Macedonia, Greek-run Cyprus, and the US, with a total of 365 outlets in Greece alone.

http://www.hurriyet.com.tr/english/5433892.asp?gid=74&sz=56555


Entering into Turkish market of Alphabank causes effect which increases the competition. Turkish banks will be more qualified because of existing a bank originated from abroad here. This will be profitable invesment for alphabank because Turkish bank system is really very good and it will be the third major bank as they say if they can endure.


Tuba Gürsoylu