Turkey’s banking sector has proved resilient to both the global economic crisis and more recent fluctuations in the country’s economy. Loan growth remains fairly high by developed-market standards but has trimmed in recent years, reflecting the market’s increasing maturity as well as regulatory moves to contain credit expansion with an eye on risk profiles.
Turkey Financial Services
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Articles & Analysis | Turkey's banking sector sufficiently well-capitalised to deal with foreign exchange exposure from The Report: Turkey 2015
Interviews & Viewpoints | Hikmet Ersek, President and CEO, Western Union: Interview from The Report: Turkey 2015
How is Turkey seen by global financial firms looking to expand their operations in the region?
Articles & Analysis | Rapid credit growth in Turkey leads to growing ratio of bad debt and NPLs in the banking sector from The Report: Turkey 2015
As the IMF and others have noted, the Turkish banking system’s non-performing loan (NPL) ratio is relatively low, despite the recent economic slowdown and foreign exchange risk. The ratio varies across the sector, however, with some banks more susceptible than others. While NPLs are not high by regional standards – and even by those of some eurozone members – and are well-...
Interviews & Viewpoints | Suat İnce, Deputy Chief Executive, Türkiye İfl Bankası: Interview from The Report: Turkey 2015
How important is foreign investment to the Turkish economy? Why should multinationals consider Turkey an attractive market in which to invest?
Despite some recent turbulence, Turkey has strong fundamentals that underscore its potential for long-term economic growth. With a young population of 77.7m, a strategic location within four hours’ flying time of 1.5bn consumers and a diversified economy, the country has much to offer investors.
As part of an overhaul of the financial markets in Turkey, plans for the Istanbul stock exchange to be floated early next year are gathering pace with Borsa Istanbul (BIST) management looking to offload some of its shares in the bourse ahead of the listing.