İstanbul banks establish backup teams, alternative premises in Ankara due to earthquake risk.
Istanbul, Turkey's largest city, faces potential earthquake risk, prompting banks and financial institutions to establish backup teams and alternative premises in Ankara. After devastating earthquakes last year, banks like Denizbank, Garanti, QNB Finansbank, and TSKB are working on contingency plans to ensure uninterrupted banking services. Istanbul houses 40% of Turkey's industrial facilities and a hub for the global supply chain, emphasizing the importance of such plans.
August 16, 2024
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