SWOT Analysis of Istanbul Finance Center and Comparison with World Finance Centers

Authors : Selim Tartan, Nevzat Tetik

Pages : 576-591

Doi:10.47097/piar.1300922

View : 54 | Download : 67

Publication Date : 2023-06-30

Article Type : Research Article

Abstract :Istanbul Financial Center (IFC)’s banks stage was opened in 2023. The purpose of IFC is to increase financial competitiveness internationally, to contribute to the development and deepening of financial markets and products and services, to strengthen integration into international financial and capital markets, thereby making IFC one of the leading global financial centers. London, New York, Singapore and Hong Kong, which rank first in the world financial centers ranking, make the best use of all financial instruments. This contributes significantly to the city and country economies in which they are located. IFC with these world financial centers; the global economic city index, the global financial center index and the global power differ in some respects while similarizing in some ways according to the city index. In this study, the comparison of IFC with SWOT Analysis and World Financial Centers has been examined within the framework of current literature review and statistical data. Some of the main findings obtained are the strength of IFC is its strategic location, qualified labor is weaknesses, tax benefit opportunity and country risk are the threat.
Keywords : İstanbul Finans Merkezi, SWOT analizi, Finans.