Turkey Banking Sector Report 2023-2024

Turkey's banking sector experienced solid growth in 2022, driven by strong demand for credit and an ultra-loose monetary policy, set against a backdrop of rampant inflation in the country. Leading Turkish banks have delivered stellar earnings growth due to robust demand for lira loans, rising net interest margins and a healthy growth in fees and commissions. Total bank assets increased by 56% y/y to reach TRY 14.3tn in 2022, equivalent to 96% of nominal GDP. An important factor is the significant change in the composition of bank assets towards more lira-denominated assets. The share of foreign currency-denominated assets in the banking system decreased from 51% in 2021 to 42% in 2022. The sector remained well capitalised with a total capital adequacy ratio of 19.5% as of 2022. The core ratio for deposit banks stood at 15.3%. The non-performing loans (NPL) ratio decreased from 5.4% in 2019 to 2.1% in 2022.

This report provides a complete and detailed analysis of the "Banking" sector for Turkiye. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Banking" sector in Turkiye
• Crystallise the forces both driving and restraining this sector in Turkiye
• Ascertain Turkiye’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Turkiye.
• Build a clear picture of trends, output and consumption for specific sub-sectors