What is the ideal growth rate for Turkey’s economy, and how can the CBRT help achieve this rate?
Turkey Financial Services
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Interviews & Viewpoints | OBG talks to Erde M Basci, Governor, Central Bank of the Republic of Turkey (CBRT) from The Report: Turkey 2013
Articles & Analysis | Enough to go around: Lending is on the rise in a number of segments from The Report: Turkey 2013
Restrained by a cautious central bank governor and chastened by rising non-performing loans (NPLs) in the consumer segment, Turkish banks are maintaining a relatively moderate pace of lending growth in 2013. Although global financial conditions loosened dramatically in late 2012 and early 2013, Turkish banks were expected to increase loans by 15...
Interviews & Viewpoints | OBG talks to Hakan Ates, CEO, Denizbank, and Süleyman Aslan, CEO, Halkbank from The Report: Turkey 2013
In what way did reduced economic growth in 2012 affect the balance sheets and the quality of assets held by domestic banks?
With the launch of a new stock exchange, Borsa Istanbul, Turkey has taken one more step towards achieving its goal of becoming a regional financial centre.
The Turkish insurance sector is dominated by 25 multinational insurance companies, which held some 52% of the market in 2012. Gross insurance premiums grew 15.5% in nominal lira terms, or 8.8% in real terms, in 2012, and subscriber growth reached 18% that year. Protecting non-vehicular property accounted for 22% of the insurance market in 2012, with the largest segments fire (9%) and earthquake...
Chapter | Capital Markets from The Report: Turkey 2013
Following the 2012 enactment of the new capital markets law, the Istanbul Stock exchange was merged with the Istanbul Gold Exchange and renamed Borsa Istanbul. Following a dismal performance in 2011, equity markets staged a dramatic recovery in 2012, with the dollar-based version of the Borsa Istanbul’s broadest index, the BIST 100, coming within 4% of its record high in January 2013. The...