The İMKB lost 40% of its value in 2011, while the economy grew 8%. How will changes in the market diminish the risks of future losses on this scale?
Financial Services
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Interviews & Viewpoints | OBG talks to İbrahim Turhan, Chairman & CEO, İMKB Borsa Istanbul (İMKB) from The Report: Turkey 2012
Articles & Analysis | As the market swings: The sector’s response to a rapidly shifting monetary policy from The Report: Turkey 2012
The downside to the growth in retail lending in Turkey in 2010 and 2011 was a rapid increase in the current account deficit as consumers took advantage of greater access to credit to purchase imported products that were previously out of reach financially. At the same time, the lira, buoyed by strong capital inflows, strengthened, making imports...
Articles & Analysis | Alternatively growing: Online and mobile banking cast a wide net for new customers from The Report: Turkey 2012
In the last decade, Turkey’s lenders invested heavily in developing alternative banking practices, starting with ATMs and recently expanding to internet and mobile platforms. Moving transactions out of the branches actually increased contact between banks and their customers, who now have nearly constant access to their accounts. This has helped...
Economic update | Jordan: Bank profits up
19 Jun 2012
Although the IMF argued in a recent study that economic growth in Jordan will likely remain “subdued” over the coming year, it also made note of a few sectors supporting economic expansion. Banking in particular was highlighted, with the IMF stating that the banking system remains one of the economy’s strongest industries.
With a surface area of 1.29m sq km and 2414 km of coastline, Peru is the third-largest country in South America. It has a population of 28.2m, 30.2% of which is under the age of 14. While there is no official religion, the majority of Peruvians are Christian, and the Catholic Church plays an important role in the country’s culture.
Economic update | México: Reservas de capital
18 Jun 2012
Aunque el sector financiero de México ha permanecido en gran medida resistente a lo largo de la crisis financiera mundial, a causa de las resultantes secuelas de la crisis en las economías de los EE.UU. y de la UE, tanto el sector financiero, como la economía en general todavía se enfrentan a amenazas. A pesar de todo, los bancos están bien capitalizados y muestran hojas de balance saludables; sin embargo, tanto la devaluación del peso, como los altos niveles de préstamos y la concentración de activos, representan peligros potenciales para la estabilidad de los mercados financieros.