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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The Emerging Europe region, as covered by the scope of this report, consists of Russia, Turkey, Emerging Europe, Romania, Czechia and Hungary. All of these countries are strategically important to transportation in the region, though ...
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The Emerging Europe region covered by the scope of this report comprises Russia, Romania, Turkey and Poland. In terms of their importance on the natural gas and oil markets, this group should be separated into Russia and ...
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Turkey’s complex geologic and tectonic structure ranks it among the top countries in the world in terms of mineral diversity. Excluding petroleum and coal, the country is home to 53 exploitable minerals and metals and 4,500 mineral deposits, ...
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Turkey’s healthcare system has been fully reformed under the 2003-2013 Health Transformation Programme (HTP), expanding the coverage and quality of health services across the country. Healthcare has been among ...
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Turkey’s automotive sector was badly hit by the economic recession in the country, which was sparked by the sharp depreciation of lira in the summer of 2018. Despite the government’s efforts to support the domestic market, car sales ...
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Turkey has small oil and gas reserves and relies on imports to fuel the growth of its economy. In order to secure the availability of energy the government participates in large international projects with oil and gas-rich neighbours such as ...
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For more than a decade, the construction sector has been a major driver for the Turkish economy’s expansion at rates above 5%. The rapid expansion was supported by favorable demographics and government policies, which included large ...
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Although quite different in terms of political and economic systems, the Emerging Europe countries share certain similarities when it comes to their demographic situation and health profile. With the exception of Turkey, whose average birth rate is ...
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Turkey’s banking sector is one of the fast-growing segments of the economy. The gross value added (GVA) of the banking and insurance sector grew at a CAGR of nearly 18.7% over the 2015-2019 period, above the 16.3% rate at which the ...
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