1. Turkish economy and banking sector 36th Meeting of the EU-Turkey JCC
Dr. Ekrem Keskin
36th Meeting of the EU-Turkey JCC
Brussels, 18 and 19 July 2017

2. Main features of the economy
Functioning market economy
Free capital flows
Free floating exchange rate regime
Member of G-20; ranked the 13th in terms of Gdp on PPP
Population; 78 million, ranked the 2nd after Germany in the EU
Services with 60 percent and industry with 30 percent
Ba1 with “stable outlook” by Moodys’; BB with “stable outlook by S&P; BBB with “negative outlook” by FITCH
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3. Ranked 13th largest in the world
Source: Undersecretary of Trasury
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4. 6th largest in Europe
Source: Undersecretary of Trasury
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5. Youngest population breakdown
Source: Undersecretary of Trasury
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6. Stable and high growth performance
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7. Faster growth compared to EU
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8. Income tripled
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9. Strong fiscal stability
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10. Still fight for price stability
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11. High c/a deficit and capital inflows
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12. Almost half of foreign trade with EU
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13. Unemployment rate hovers at 11 percent
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14. Strong financial stability
Resilience during global crisis; no single support
from the Government
Healthy, well regulated and efficently supervised
Fully compliant with Basel III
Supervisory and regulatory requirements are equivalent to the
European Union's regime, announced by EU Commission
Well-diversified lending portfolio
High-capital adequacy level
Better risk management
Innovative in products and services
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15. Rapid growth in banking sector
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16. Increased finance to private sector
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17. Well diversified loan portfolio and high loan quality
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18. High capital to support growth
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19. Non-residents’ interest
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20. Big gap; narrowing?
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21. ESC, July 2017

22. Growth and macro balance
Source: Government’s programme
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23. Reliable partner
Turkey is a reliable and strong partner in international economic cooperation.
Turkey carries very positive features in many aspects with her economic structure, economic policies, markets, approach to global norms and standards, infrastructure, rules and institutions regulating the social and economic life in general.
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24. Thank you. Ekrem Keskin ekrem.keskin@tbb.org.tr www.tbb.org.tr
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