Construction Sector to Drive Loans Market in Turkey
With declining interest rates, banks have been rearranging their assets from the financing of the government debt to providing loans to consumers and businesses. Banks have laid emphasis on consumer banking, housing finance, and lending to small and medium-sized companies. According to our research report “Turkey Banking Sector Forecast to 2012”, demand for bank loans is anticipated to grow at a CAGR of around 19% during 2009-2012. Growth will be mainly led by available repaying capacity, and other factors discussed...
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