Turkish Banking Sector Analysis
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|turkish banking sector analysis
The banking sector constitutes the greater part of the Turkish financial system. Banks carry out a great portion of the activities taking place in both money and capital markets. The share of the banking sector in the financial system as of the end of March 1997 was 71 %. Turkey's financial system and its banking sector are virtually synonymous as a consequence of the country's economic and historical development. There are a number of factors that give banking its prominent role in Turkish economy. These are:
The economic structure peculiar to Turkey.
The choice to turn resources into long-term investments through banks for the aims targeted in the development plans and programmes, and the establishment of banks by the state to finance certain sectors.
The extensive application of continental European banking practices as a model in th...
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