700 million dollars in nuclear deposits

Russians entrance in Turkish banking sector via acquisition of Denizbank upsets Garanti Bank managers. Should the sale is approved by authorities, Russia will move its 700 million dollars for Akkuyu nuclear power plant from Garanti to Denizbank. Considering the total amount for the construction of the plant, which is 1.7 billion dollars, this bank acquisition becomes more critical.

Second Russian bank under way after Sberbank

Sberbank's little brother VTB is also looking for Turkish banks to buy. VTB will focus on investment banking and search for opportunities in this field.