June 01, 2009

When all the major economies of the world are reeling under the pressure of financial crisis, the banking industry in Turkey continued to grow in 2008 and foreign participation also increased. The ratio of deposits and loans to GDP, and the ratio of loans to deposits are important indicators of financial depth and intermediation level of the banking industry, and these indicators shone bright.

The share of loans in banking industry assets continued to grow, according to "Turkey Banking Sector Forecast to 2012”, a research report by RNCOS.However, in the coming period, the pace of growth in credit volume will be dependent on the development in international markets and therefore, on banks’ liquidity preferences. On domestic front, retail consumers will continue to drive the credit disbursal and interest-based income of banks in coming years.