Due Diligence for Bank M&A’s: Case from Turkey

Abstract

Due diligence takes important part at the level of decision making for merger and acquisition of banks. There is no standard or rules for due diligence format. Some of the consultancy firms are giving the checklist for due diligence. This study is prepared according to the experiences of due diligence in several banks in Turkey after the economic crises in 2000 and 2001. In banking sector, banks can work with financial advisors, auditors; or they prefer to arrange a group of workers for doing the analysis in their corresponding fields in the departments. The study method is based on a literature review of several theories and hypothesis for bank M&A’s, as well as the study of a successful case on bank merger from Turkey.