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How significant is the future growth potential of the Turkish banking sector?

April 26, 2017Banking future growth potential sector SIGNIFICANT Turkish

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How significant is the future growth potential of the Turkish banking sector?

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With its high-quality human capital, technological infrastructure comparable with that of the developed countries’ financial sectors and its dynamic structure, Turkish banking sector carries a strong potential. The ratio of total loans and deposits to GDP as a measure of financial intermediation has been calculated as 305% for the Euro-area in 2009. The same ratio was 90% in Turkey in 2009. This reveals that Turkish banking sector is far from being saturated and carries a significant growth potential. In line with continious stability and sustainable and balanced growth, low penetration levels are expected to increase and gradually approach to EU levels.