Case | HBS Case Collection | September 2008 (Revised May 2010)

Dogus Group: Weighing Partners for Garanti Bank

by Tarun Khanna, Krishna G. Palepu and Richard Bullock


In August 2005, the leadership of Turkey's Dogus Group considered opportunities for its flagship enterprise, Garanti Bank, to partner with a foreign financial institution. The case describes the Turkish banking industry and Garanti Bank's position within it, and asks students to consider whether partnership makes sense for Garanti and, if so, which bidder it should select.

Keywords: International Finance; Emerging Markets; Partners and Partnerships; Value; Banking Industry; Turkey;


Khanna, Tarun, Krishna G. Palepu, and Richard Bullock. "Dogus Group: Weighing Partners for Garanti Bank." Harvard Business School Case 709-401, September 2008. (Revised May 2010.)