Significant growth potential
Banking sector is the locomotive of Turkey's economy, in 2017 also grew by 11.8% compared to the previous year, continuing its development. As of the third quarter of 2017, the sector has reached an asset size of 3.054 billion TL, with more than 11,500 branches and more than 210,000 employees, leading the sectors where digital conversion is closely followed and applied. Other financial institutions like leasing and factoring also display a significant growth potential in the sector.
Banks are trying to develop their products and services with innovative solutions in order to keep a customer relationship in front and to establish a sustainable customer relationship due to the expectation of customers developing in mobile and internet banking penetration day by day. The sector players who have experienced the evil cyber threats preventive systems are in full compliance with the increasing regulatory burden, creating sectoral confidence in the market.