Noida, UP India (PressExposure) May 11, 2011 -- According to our report "Turkey Banking Sector Forecast to 2012", the banking sector forms a great part of the Turkish financial system in its dynamic economy. Majority of the transactions and activities of money and capital markets are carried out by banks. Turkish banks have significantly intensified their lending activity during the past few years. Further, credit provided to the corporate segment contributes the majority of bank loans. Thus, corporate sector loans are projected to grow at a CAGR of about 16.6% during 2011-2014. Majority of the loans are expected to flow into manufacturing sector in the form of working capital as well as fixed investment loans.
Further, our report reveals that, with the increasing role of corporate sector in the Turkish economy and increasing investments mainly into the private corporate sector, there will be ample requirement for business/corporate loans in the country. Besides corporate loans, personal loans are experiencing rapid expansion on account of changing consumption pattern (relying more on credit purchase) and continuous expansion of banking services into retail segment.
Additionally, our report has identified emerging trends and potential areas, such as e-banking, growing acceptance of payment cards, Islamic banking, automobile loans, mortgage financing, which will decide the future of the banking industry in the country. Our report also highlights that, the banks are modernizing their payment card technology and shifting towards smart card technology to offer more secure and advanced featured card to consumers.
Our report "Turkey Banking Sector Forecast to 2012", discusses each of the banking performance indicators in-detail. Under loans and deposits section, the reports talks about each of the verticals, such as corporate, personal loans, and SME loans. Moreover, it has further segmented personal loans into various segments, such as: housing, automobile, credit card, and general purpose loans. Our report also features forecast for each key-banking segment to provide better understanding of the banking sector in the country. Additionally, the report analyses the pattern of macroeconomic variables and their impact on the country's banking sector.
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