BBVA’s decision to take full control of Garanti Bank is probably the best thing to do in the absence of an alternative solution. However, it is unlikely to be greeted by the market which remains unconvinced by the rationale of the group’s presence in Turkey.
15 Nov 2021
In for a penny, in for a pound
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In for a penny, in for a pound
- Published:
15 Nov 2021 -
Author:
David Grinsztajn -
Pages:
2
BBVA’s decision to take full control of Garanti Bank is probably the best thing to do in the absence of an alternative solution. However, it is unlikely to be greeted by the market which remains unconvinced by the rationale of the group’s presence in Turkey.