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-...
The Middle East
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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
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?
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?
This chapter contains useful information for visitors to Turkey, including visa requirements, listings of recommended hotel, and contact information for foreign missions, travel agencies, hospitals and other important institutions. It also contains features pieces exploring the history of Istanbul’s famed Maiden’s Tower and the Aegean island getaway of Bozcaada.
Chapter | Legal Framework from The Report: Turkey 2015
This chapter examines the legal environment in Turkey, focusing on how changes in regulations are enabling investment across the country’s many business sectors. It also contains a viewpoint from Harun Kılıç, Partner at Kılıç and Partners.
This chapter examines the tax environment in Turkey, looking at a pending new income tax as well as how the tax law deals with corporations. It also includes an analysis on the various ways that Turkey’s investment climate could be improved in the context of taxation.