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Deposits of Turkish banks reach TL 586 billion as of June
Turkish Banks Association (TBB) Secretary-General Ekrem Keskin released a report on the performance of the Turkish banking sector in the first half of the year, according to data provided by the Banking Regulation and Supervision Agency (BDDK). According to the report, the total amount of deposits in Turkish banks amounted to TL 531.48 billion in the beginning of the year and rose to TL 586.26 billion as of the end of June. During the same period, the total amount of lira-denominated loans extended by banks increased from TL 289.82 billion to TL 335.63 billion.
The TBB data revealed that the monetary value of net non-performing loans fell to TL 3 billion as of the end of the first half, while it amounted to TL 3.93 billion at the beginning of the year, an encouraging sign for the performance of the sector. Gross non-performing loans also saw a reduction during this period from TL 21.7 billion to TL 20.79 billion. The share of non-performing loans in overall loans banks extended was down from 5.5 percent to 4.5 percent from the end of December to the end of June.
Banks’ equities were also on the decline in the first half. The amount of total equities owned by banks was TL 8.6 billion as of July 2, down from TL 9.46 billion on June 26, 2009.
According to the report, covering a period stretching from June of last year to June of this year, the number of people employed in banks increased by 5,109, or 3 percent. Of this figure, 3,962 were hired in only the first half of this year, increasing by 2.3 percent, to reach 176,364 in total. The share of women in overall employment in banks remained unchanged at 50 percent.
The number of bank branches rose by 298 over the past year, with 122 being opened in the first six months of 2010 to reach 9,149.
Turks lose confidence in banks
The global financial crisis had a negative effect on Turks’ confidence in banks and financial institutions, a recent survey has revealed.
Nearly 56 percent of people in Turkey have less confidence in banks compared to the pre-crisis period, according to a survey conducted in 13 European and Middle Eastern countries by global market researcher Synovate. Seventy percent of Turkish bank customers believe the global financial crisis has affected and will continue to affect the banking sector. The survey highlighted that people in eight countries had lost their confidence in financial institutions after the eruption of the global financial crisis.
With 70 percent, Ukrainians top the list of customers with less confidence in banks, while Greeks and Hungarians rank second and third, respectively. Turkey came in fourth, with 56 percent of people having less confidence in banks compared to prior to the crisis.
According to the Synovate survey, costumers in most of these markets have no positive feelings about international or local banks. Hungarians have the lowest confidence in international banks, the report said, while Turkey came in third after Greece. Only 24 percent of Turkish customers have positive views of international banks while 35 percent have confidence in local banks. Customers in the United Arab Emirates and Saudi Arabia have the most confidence in global banks.
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