Turkish Banks Witnessing Rapid Growth

Press Release   •   Feb 12, 2013 15:11 IST

In the growing Middle East banking market, Turkish banks are exhibiting strong growth potential owing to growing consumer confidence, rising income levels, and comparatively stable and high returns. Over the past few years, both deposits and loans are indicating huge growth. Further, the government has also adopted a series of reforms to promote financial market development in the country.  Due to these successful structural reforms, progressively strong balance sheets, and the initiation of the EU accession talks in 2005, Turkish banking sector has become a thriving sector. Now, various foreign banks are rushing-in to gain a share of Turkey’s assets and high profit-margins. With such developments, total banking assets in Turkey is projected to grow at a CAGR of about 25.5% during 2011-2014.

As per our research, “Middle East Banking Sector Analysis”, Middle East is one of the world's fastest growing banking markets. Further, accelerated development of the Islamic financial markets, sophisticated technological infrastructure, and the trend towards greater liberalization has enhanced the integration of Islamic finance into the international financial system. Besides that, banks and financial institutions across the Middle East are making huge investments in a variety of products and services to outshine their international peers. Further, other than traditional payment modes, non-cash payment in Middle East is growing tremendously owing to the strengthening banking industry. The government has invested billions of Saudi Riyals to provide sophisticated technological infrastructure facilitating non-cash payments and supporting enhanced electronic banking services.

Our report, “Middle East Banking Sector Analysis”, provides an extensive research and exhaustive analysis on the banking sector in each Middle-East country and their products and services. Activities of prominent market players and regulatory developments in each country have been discussed in detail in the research study. These will help clients understand and analyze the factors critical to the success of the banking industry in the Middle-East countries. Detailed information and its analysis will also assist investors, financial service providers, and global banking players in designing appropriate strategies as per market dynamics. Overall, the research aims at presenting a complete and coherent analysis of the Middle East Banking Sector’s past, present, and future scenario.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM370.htm

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