The comprehensive analysis of the turkish financial system and banks

OECD, various years, hereafter Survey. Trade Policies and Development Strategies Before 1 From the early s to the early s, the Turkish government took extensive responsibility for selecting and fostering the development of portions of the manufacturing sector of the economy in a pattern similar to that adopted in a number of other developing countries. Early five-year plans specified targets for the growth of textiles, paper, ceramics and glass, chemical products, and iron and steel industries.

The comprehensive analysis of the turkish financial system and banks

Since then, the bank has expanded rapidly and by the end of September 12 months after the launch of its operations it reached 19 branches and more than employees. Since its establishment, Odeabank has displayed considerable progress in terms of balance sheets within a short period of time.

Financial Programming and Policy: The Case of Turkey

It achieved its aim to be ranked among the top 15 banks in Turkey by the end of the year, not only in terms of asset size, but also loan and deposit size. With a universal bank profile, Bank Audi covers all segments of banking activities, including corporate, commercial, retail, investment and private banking.

The government is also keen to transform Istanbul into a financial centre capable of rivalling London, New York and Hong Kong. Odeabank is well positioned to benefit from a range of synergies created by the international reach of Bank Audi.

Imports between MENA and Turkey have increased nine times, while exports have increased by a factor of 12 in the last decade. Additionally, with its local network and knowledge, Odeabank is well positioned to act as an intermediary between investors in the region keen on increasing their exposure to the Turkish economy.

Turkey has favourable conditions to underpin the growth of its banking sector. No more apparent is this in its successful growth despite the global financial crisis.

Relative political stability in Turkey is a rarity in the region, while its young population and its geopolitical location are other features that make Turkey attractive. This is in part thanks to the strength of its banking sector, and the improvement in its fiscal indicators means Turkey has been able to bring its chronically high real interest rates down to single digits.

Whether Turkey can continue to keep its real interest rates at comparatively low levels will by-and-large depend on how well these strengths are maintained both economically and politically. A well-capitalised, profitable, closely monitored and regulated banking sector should continue to increase its penetration rate.

It is proud of breaking new grounds in the sector.

The comprehensive analysis of the turkish financial system and banks

For example, in April last year, it established an investment platform tailored for the retail-banking segment, a first for the Turkish banking sector. After analysing mutual funds currently managed in Turkey in terms of 20 different criteria, it collaborated with esteemed portfolio companies, offering funds to its customers.

Odeabank has also begun providing branch services within the chain stores. It expect this chain store service to continue to expand. Mainly, cardholders can get instant cash back through every purchase they make and redeem them at that moment.

They can also get discounts and instalments from the merchants. Mobile banking is another service provided, whether at in-branch self-service banking areas, its internet branch or at Odeabank ATMs. The bank has also been developing cutting edge technologies that allow customers to receive a bank card online in an instant, as well as the ability to speak to bank staff through a video call service.The studies on systemic risk in Turkish financial system are also very limited and generally use other banking sector related variables such as stock market return co-movement (Binici, ) and network centrality (Kuzubas, ).

The comprehensive analysis of the turkish financial system and banks

Turkey’s banking sector enters 21st century. pension systems worldwide; Top 5 biggest financial scandals among the top 15 banks in Turkey by the. 1 This section and other descriptions of the Turkish economy contained in this volume are intended as background for the workshops on Turkey.

The comprehensive analysis of the turkish financial system and banks

As such, the material is a pedagogical tool and is not meant to be a complete or comprehensive analysis of Turkish economic developments. 2 To a large measure, the timing of the stabilization was forced on Turkey by the reluctance of foreigners to. Foreign Entry in Turkey's Banking Sector, by Cevdet Denizer The World Bank on the Turkish financial system.

Bhattacharya () is one of the few studies that looks and Dong () for a comprehensive analysis of capital flows, macroeconomic management and financial sector issues in . THE TURKISH BANKING SYSTEM: ARDL MODEL ANALYSIS* The Turkish financial system is represented in its greater part from the banking system.

In particular banking sector assets represent about 87 percent of the financial system in Turkey comprehensive institutional reforms, the Turkish banking sector’s total assets, total .

analysis of determinants of Islamic banks’ profitability confirms previous findings. Controlling for macroeconomic environment, financial market structure, and taxation, the results indicate that high capital-to-asset and loan-to-asset ratios lead.

Analyzing A Bank's Financial Statements