Financial Times FT.com

Banking: Thinning margins will spark consolidation

By Delphine Strauss in Istanbul

Published: November 28 2008 14:35 | Last updated: November 28 2008 14:35

Rolling out a network of loan offices under the brand name “Easy Credit” may seem an odd strategy for a bank in today’s credit-starved markets.

It is a sign of Turkish banks’ relative resilience to the global crisis that Finansbank, a medium-sized lender, is pressing on with plans to do just that – even though the initial pilot of 25 “KrediKolay” branches will be a scaling back of its original ambition.

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