Turkey's fledgling private banking and asset-management businesses are taking off. Private banking is only nine years old in Turkey, but most of the country's large and medium-sized banks have established private banking units to deal with an estimated 180,000 customers with bank deposits of at least T1250,000 ($165,500) each.rnTurkish banks offer a wide range of products to high-net-worth customers, including mutual funds composed of domestic and international securities, foreign shares and bonds, exchange-traded funds, futures, options and other derivatives products, based on global precious metals and agricultural commodities.
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