Turkey’s Oyak Group Seeking Opportunity to Return to Banking

Source:Bloomberg Date:02Oct2017

Oyak Group, the conglomerate that manages pensions for Turkey’s military personnel and $18 billion in assets, is evaluating a return to the national banking sector, Chief Executive Officer Suleyman Savas Erdem said. “We’re looking at opportunities,” Erdem, who took the job in May last year, said in written responses to Bloomberg questions. “If there are concrete developments, we’ll announce them with pride to our more than 300,000 members and to the entire country.”