ING, the Dutch financial services giant proposes to enter the Turkish banking sector 
by investing $2.67 billion in cash to acquire Oyak Bank. It was also planned that the financial bigwig would invest swiftly for extending its footprint in terms of market share by opening more branches, improving marketing and escalating internet banking. The Dutch banking group while continuing to focus on its core strengths of pension and emerging markets, had till now opposed large acquisitions. Last year’s ABN Amro fantasy, a Dutch banking rival now in the middle of a takeover, changed all that though.
by investing $2.67 billion in cash to acquire Oyak Bank. It was also planned that the financial bigwig would invest swiftly for extending its footprint in terms of market share by opening more branches, improving marketing and escalating internet banking. The Dutch banking group while continuing to focus on its core strengths of pension and emerging markets, had till now opposed large acquisitions. Last year’s ABN Amro fantasy, a Dutch banking rival now in the middle of a takeover, changed all that though.
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Source: IIPM Editorial, 2006
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