If the Turkish banking system now follows a similar pattern to other parts of the world, there will be waves of consolidation. Many of the 38 family-owned commercial banks will disappear. But the small and medium tier ones have not given up the struggle. Oyakbank is owned by the army pension fund and has the financial muscle to show for it. Iktisat Bank is shedding its loss-making media investments in order to concentrate on core banking activities.
Competition is hard.
For many it will be difficult. You have to be good. The big four are fine. They have enough capital, people, technology. They are in good shape.