Report Summary
When all the major economies of the world are reeling under the pressure of financial crisis, the banking industry in Turkey continued to grow in 2008 and foreign participation also increased. The ratio of deposits and loans to GDP, and the ratio of loans to deposits are important indicators of financial depth and intermediation level of the banking industry, and these indicators shone bright. The share of loans in banking industry assets continued to grow, according to "Turkey Banking Sector Forecast to 2012", a research report by RNCOS.
However, in the coming period, the pace of growth in credit volume will be dependent on the development in international markets and therefore, on banks' liquidity preferences. On domestic front, retail consumers will continue to drive the credit disbursal and interest-based income of banks in coming years.
Despite high losses incurred by prominent international banks due to the global turmoil, the profitability of the Turkish banking industry improved in 2007 and the return on assets as well as on equity of the industry increased. Considering Turkey's population, the size of its economy, economic power, per capita deposit and per capita loan figures, the banking industry is still in development process and has further growth potential.
Turkey's banking industry is financially strong to cope with mild short-term stress. Banks are better provisioned and the NPL ratio has been steadily declining. The industry has undergone a process of consolidation as a result of bank failures in 2000-01, while banking regulation and supervision have been improved greatly. The industry will continue to witness growth despite the global financial crisis and banks will continue their expansion plans in coming years.
"Turkey Banking Sector Forecast to 2012" provides extensive research and rational analysis on the Turkish banking industry. This report has been made to help clients in analyzing the opportunities, challenges and drivers critical to the growth of banking industry in Turkey.
It gives a brief account of the Political, Economic, Social and Technological environment of the country with respect to its banking industry to better evaluate the forces influencing it. Coupled with this, the analytical report provides details on various parameters like asset size, income level etc. of the banking industry to give a rational overview on its future direction.
Our industry report provides forecasts on
Banking industry assets in Billion US$
Banking industry deposits in Billion US$
Banking industry loans in Billion US$
Number of credit cards in Million
Number of debit cards in Million
Mortgage industry in Billion US$
Report Outline
1. Analyst View
2. Industry Snapshot
3. Key Performance Indicators
3.1 Assets
3.2 Net Income
3.3 Capital Adequacy Ratio
4. Product Portfolio of Banking Industry
4.1 Deposits
4.2 Loans
4.2.1 Consumer Loans
4.2.2 Mortgage
4.2.3 Non-Performing Loans
4.3 Online Banking
4.3.1 Financial Transactions
4.3.2 Investment Transactions
4.4 Bank Cards
4.4.1 Credit Cards
4.4.2 Debit Cards
4.5 ATMs and POS
5. Mergers & Acquisitions
6. Current Market Trends
6.1 Penetration of Banking Services
6.2 Per Capita Lending
6.3 Household Borrowings
6.4 Strong Regulatory Environment
6.5 Interest Rates
6.6 NPL/Gross Loan Ratio
6.7 Private Banking
6.8 Islamic Banking
6.9 Loan Defaults
7. PEST Analysis
7.1 Political Environment
7.2 Economic Policies
7.3 Social and Demographic Behavior
7.4 Technology Infrastructural Support
8. Key Players
8.1 GarantiBank
8.2 Yap? Kredi
8.3 Akbank
8.4 ?? Bankasi
8.5 Turkiye Vakiflar Bankasi T.A.O.
Figures
Figure 3-1: Banking Industry Assets (Billion US$), 2002-2008
Figure 3-2: Banking Industry Assets by Bank Group (%), Q3 2008
Figure 3-3: Assets of Deposit Banks by Bank Group (%), Q3 2008
Figure 3-4: Forecast for Banking Industry Assets (Billion US$), 2009-2012
Figure 3-5: Banking Industry Net Income (Million US$), 2003-Q3 2008
Figure 3-6: Capital Adequacy Ratio (%), 2003-Q3 2008
Figure 4-1: Banking Industry Deposits (Billion US$), 2002-2008
Figure 4-2: Banking Industry Deposits by Bank Group (%), Q3 2008
Figure 4-3: Forecast for Banking Industry Deposits (Billion US$), 2009-2012
Figure 4-4: Banking Industry Loans (Billion US$), 2002-2008
Figure 4-5: Loans Distribution by Size (%), 2005-Q3 2008
Figure 4-6: Banking Industry Loans by Bank Group (%), Q3 2008
Figure 4-7: Loans of Deposit Banks by Bank Group (%), Q3 2008
Figure 4-8: Forecast for Banking Industry Loans (Billion US$), 2009-2012
Figure 4-9: Consumer Loans Extended (Billion TRY), Q3 2007 to Q3 2008
Figure 4-10: Consumer Loans Extended by Sector (%), Q3 2008
Figure 4-11: Consumer Loans Extended by Sector (Million TRY), Q3 2007 to Q3 2008
Figure 4-12: Mortgage Industry (Billion US$), 2004-2008
Figure 4-13: Forecast for Mortgage Industry (Billion US$), 2009-2011
Figure 4-14: Number of Credit Cards in Circulation (Million), 2001-Nov 2008
Figure 4-15: Share of Credit Card Market by Service Provider (%), 2007
Figure 4-16: Forecast for Number of Credit Cards in Circulation (Million), 2009-2012
Figure 4-17: Number of Debit Cards in Circulation (Million), 2001-Nov 2008
Figure 4-18: Forecast for Number of Debit Cards in Circulation (Million), 2009-2012
Figure 4-19: Number of ATMs (2003-Nov 2008)
Figure 4-20: Number of POS Terminals (2003-Nov 2008)
Figure 6-1: Number of Bankable Households (Million), 2005-2012
Figure 6-2: Per Capita Lending (US$), 2005-2012
Figure 6-3: Household Liabilities to GDP Ratio (%), 2005-2007
Figure 6-4: Retail Loans to Household Consumption Expenditure Ratio (%), 2005-2007
Figure 6-5: Interest Rates of Housing, Vehicle and Other Consumer Loans (%), Dec 2002 to Mar 2007
Figure 6-6: NPL to Gross Loan Ratio (%), 2002-Q3 2008
Figure 6-7: Forecast for Number of Households Earning more than US$ 25,000 (Million), 2009-2012
Figure 6-8: Islamic Banking Assets (Billion US$), 2008-2012
Figure 6-9: Consumer Loans under Legal Follow-up (Million TRY), Q3 2007 to Q3 2008
Figure 7-1: Real GDP Growth Rate (%), 2002-2008
Figure 7-2: Number of Internet Subscription and Users (Million), 2005-2012
Tables
Table 3-1: Top 10 Banks by Assets (Billion US$), Q3 2008
Table 4-1: Top 10 Banks by Deposits (Million US$), Q3 2008
Table 4-2: Top 10 Sectors by Corporate Gross Loans (%), 2005-Q3 2008
Table 4-3: Non-Performing Loans (Million TRY), 2005-Q3 2008
Table 4-4: NPL Ratio by Sector (%), 2005-Q3 2008
Table 4-5: Number of Customers Using Internet Banking Services (Q3 2007 & Q3 2008)
Table 4-6: Online Financial Transaction Statistics (Q3 2007 & Q3 2008)
Table 4-7: Online Investment Transaction Statistics (Q3 2007 & Q3 2008)
Table 4-8: Number of Debit Cards in Circulation by Service Provider (2001-2007)
Table 5-1: Banking Industry Mergers & Acquisition (Million US$), Jan 2006 to July 2007
