Turkish Banks

[tinkerman]

isn't it great we can all laugh in the face of adversity:D

but this is a serious question, will it hit The Turkish banks?

Tinx

[BlackAdder]

Savings ?

[Scunner]

One thing that seemed to make customers relaxed about the banks in Turkey was to inform them that a number of them were in the safe ownership of large, respected European banks (Finans, ING/Oyak etc.) - maybe now those that aren't may be a safer bet? As discussed somewhere else, Turkish banks tend to be wealthy with cash assets rather than property and the like. Cash tends to get an easier ride in turbulent times, certainly when compared to capital assets - which can be heavily hit in a recession - and for that reason, it is likely that Turkish banks will not be as exposed as UK and European ones.

The only other consideration might be the exchange rate, if you want to return your Lira to Sterling. As long as Turkey keeps it's economy equally as healthy or unhealthy as the UK, not much will change there  

[tinkerman]

Finansbank is largely Greek owned

[Scunner]

Well there you are then

[George Warner]

Baz,you know you must only bury your gold at the end of a rainbow

[George Warner]

Thought I read The Greeks bought the rest of Finans [51% ]last week

[Brandi]

If you had £500,000 where would you invest it?  Shares are a bit of a worry at the moment although you can get some good buys with the market so low.  Building Soc/banks would have to spread the money around so there's no more than £50k in any one of a group of banks - that is getting more difficult as banks/building societies are incorporated into larger groups.  Property will always be there but there are running costs. Good time to buy property at the moment though although my guess is to wait a while longer as properties will continue to fall and I suspect more available through auctions as defaulters are repossessed.   I like the sound of gold but wasn't sure where one would go to buy gold from - not seen it in Tesco's!  Found a site through google search though -
http://http://www.bullionvault.com/

[wingnut]

if i had 500k i would put it in my safe go and live in calis and take 20k ayear out for the next 25 years that would take me to 75years old with my dream fulfilled stuck here another few years until property market hopefully picks up lost 50k this year on my props with the way the markets gone in uk still dreaming though,another idea is to buy a plot of landin turkey for say 80k stick 2 villas on it another 80k sell one for 100k and you have yours for 60k brains working o/t now.

[Highlander]

quote:Originally posted by Brandi

If you had £500,000 where would you invest it?

Somewhere Mrs H couldn't find it.