Question
As a development manager in a reputable Lebanese bank, you are asked to evaluate and give a recommendation regarding the expansion toward the Turkish market.
As a development manager in a reputable Lebanese bank, you are asked to evaluate and give a recommendation regarding the expansion toward the Turkish market. Very few information is available regarding the banking sector in Turkey and no Lebanese banks are already present there. Turkish regulations, financial and monetary environment are rapidly changing in order to meet the challenging political and economic environment. Some multinational banking groups are already conducting feasibility studies and studying the potential of the Turkish market. Required: List and briefly explain the possible types of structures that the bank can use to enter the new market. Basing your decision on your knowledge and the above information, what do you recommend? Explain clearly by stating the reasons and motives.
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