A recent research report “Turkey Banking Sector Forecast to 2012” by RNCOS revealed that the Turkish banking industry will continue on its growth trajectory despite the global economic turmoil in 2008. Turkey has one of the most dynamic banking industries in the Middle East region. The industry is evolving at a rapid pace as compared to other emerging banking industries across the globe. The banks are in expansion phase and there exist a healthy competition among the state-owned, private and foreign banks.
With changing time, banks are also shifting their focus from government borrowing and lending operations to retail banking. The growth in retail banking has witnessed steep increase with high credit disbursal level attained by banks in past. The retail banking has been the major fuel for the bottom line growth of the industry. It is anticipated that retail banking will account for majority of the industry assets and will be responsible for rising profit in future.
Rising foreign investments in the industry will be another parameter responsible for the expansion of industry in future. It is estimated that the share of foreign participation will rise to more than 20% by 2010 from 17% of total assets of the industry as on March 2008.
Overall, in the long run, the banking sector in Turkey seems to be more profitable and stable as compared to other countries. The central bank intervention and the government precautionary measure will definitely help the banks to come out of the 2008 financial crisis successfully.
“Turkey Banking Sector Forecast to 2012” is an extensive research which provides a detailed overview on the banking industry of Turkey. This report underlines the factors responsible for the growth of the industry, the opportunities lying ahead and the challenges to be faced by the industry in coming years. It provides the segment-wise analysis, forecast, latest market trends, and the emerging areas for future.
The extent of the information covered in this research report will help the clients in understanding the market dynamics and the corresponding factors responsible for transforming the industry.
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About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.
