Delhi, India, January 30, 2009 --(PR.com
)-- RNCOS has recently added a new Market Research Report titled, “Turkey Banking Sector Forecast to 2012” to its report gallery. 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 the report.
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.
Their 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$
For Free Sample of this report visit: http://www.rncos.com/Report/IM177.htm
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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.