1. ING Groep NV, the Netherlands' biggest financial-services company, agreed to buy Oyak Bank of Turkey for $2.67 billion because Oyak Bank established in 1984 has 1.2 million “active retail customers” and 360 branches and about 5,000 employees in Turkey, whose economy has grown at an annual average pace of more than 7 percent since 2002 and bank loans to consumers in Turkey increased to $39.5 billion at the end of May, more than 20 times the level four years earlier.
2. It will integrate Oyak Bank into its retail banking business.
More revenue is in growing economies.
[Click here for full story at: BLOOMBERG.COM]
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