Noida, UP -- (SBWIRE) -- 12/13/2010 -- 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 in our report.
Not only loans, bank deposits are also expected to grow at double-digit growth rate by 2012 due to several factors discussed in our report. We have also found that credit card market will outpace the debit card market in future as credit card market will grow at higher growth rate over debit card market in Turkey. Our report provides a detail analysis on credit and debit card market along with their forecasted growth rate and number of cards in circulation. Besides, we have studied the concept of online banking along with ATM’s and POS in our report.
As per our study, presence of strong regulatory environment and banking association’s support has helped the Turkish banking sector to evolve and grow. Various steps and policy decisions taken by these organizations in the past have helped the industry to recover from 2001 economic crisis and clamp down on malpractices and excessive credit exposure of the banks. Besides strong regulatory environment, our report has examined other market trends of the Turkish banking industry.
Our report provides 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 present a rational overview on its future direction. This report has been made to help clients in analyzing opportunities, challenges, and drivers critical to the growth of the Turkish banking industry.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.