An Assessment on Positive Reflections of the Restructuring of Public Banks After February 2001 Financial Crisis in Turkey and 2008 Global Crisis to Turkish Finance Sector

Abstract

In terms of effects and consequences of crisis process, it has caused serious damage in many countries, especially the USA, and it took a long time to repair. Crises are chaotic and complex situations that can be encountered in the lives of organizations and societies and cause administrative disruptions and major organizational instability in administrative processes. To reach its goals, to live their lives, to keep their market share against increasingly intense competition, to increase their market share, and their ability to enter new markets of organizations in such a chaotic situation depend on their ability to adapt to the environment to a large extent. The banking sector acts as an intermediary in the financial markets for the transfer of funds in the conversion of savings into investments through the payment system established on it. Because of these duties, it is also a very important sector that provides economic growth and development in all countries. Positive reflections of the restructuring of public banks after February 2001 financial crisis in Turkey and 2008 global crisis to Turkish finance sector are discussed in this chapter.