Calis Beach and Fethiye Turkey Discussion Forum
Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: tel on July 09, 2015, 20:58:17 PM
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The major shareholder, around 98%, of Finansbank is the Greek National bank I was wondering if CBF members are feeling confident or alarmed about the situation if they have money there. I hear of the guarantees that Turkish banks have in place and the rumours about the EU possibly demanding the Greeks sell up if things develop in one particular direction and also the Quatar bank could be ready to take over but what is the general feeling of our forum members to stay put or change banks and move their money.
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I'm leaving mine. If everyone panics and moves money that's when the problems start.
All the time other banks want to buy it I'm fine with that. I read that nothing will change for customers if Qatar buy it, but may change for personnel and systems etc.
You never know there may be share allocations
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Where did you get that information from?? 98% owned by Greek Bank ? Before everyone starts to panic speak to the girls upstairs like i did and they will explain all the laws and rules relating to the Banks links and money bonds.
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Where did you get that information from?? 98% owned by Greek Bank ?
Its common knowledge, 98.6% is the exact figure I think - even tells you about it on their web site (http://www.finansbank.com.tr/en/about-finansbank/).
Anyway, no need to panic as while it may be owned by NBG, it is still a Turkish bank. In fact, it's quite an asset so if the Greeks did decide to sell, there would a fair old queue at the Kristal Kule in Levent with cash rich suitors.
As an aside, when the banks founder, Hüsnü Özyeğin, decided to sell he initially wanted shares in the NBG as opposed to cash. Dodged a bullet there big man...
JF
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I am right to ask you guys as I know your knowledge is always beneficial and usually backed by many years of living here unlike visiting people who probably will not have the same amount of capital in Turkish banks. Having been with Finansbank twelve years now I too are not rushing to move from there but it must be of concern to their customers, hence my topic. I am concerned that I am doing the right thing and glad that some members are doing the same thing. I know all the ladies upstairs from years back and they are a super team. This topic I have brought up with Finansbank before and I am sitting tight but glad I am not alone.