Partly thanks to tough regulation, not a single Turkish bank has gone under.
He is said to have also approached the Turkish Government and Turkish banks about financial support.
As a consequence, Turkish banks came to rely on these high-yield bonds as a primary investment.
This left a vacuum of capital that Turkish banks were unable to alleviate because the government was no longer able to pay off its bonds.
This earned it the title of the Turkish bank having the most extensive network in foreign countries.
With its investment, Citigroup will own a piece of one of the more conservative Turkish banks.
The first Turkish bank to offer internet and telephone banking together.
Several Turkish banks and Muslim organizations have set up accounts where donations can be routed.
Sümerbank was a Turkish bank and industrial holding company.
Turkish banks hold about $14 billion in such short-term loans.