Summary
Banks in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Turkish banking industry recorded assets of $982.7 billion in 2024, representing a compound annual growth rate (CAGR) of 4.5% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $525.9 billion, equivalent to 53.5% of the industry's overall value.
- The Turkish banking industry grew by 0.7% in 2024, primarily driven by the rise in consumer credit, as individuals increasingly relied on loans for housing, education, and personal consumption. The growth in consumer credit expanded banks’ loan portfolios and strengthened their overall asset base. According to the Central Bank of the Republic of Turkey, consumer credit in Turkey rose by 65.2% in December 2024 compared to December 2023, contributing significantly to the increase in total commercial bank assets.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Turkey
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Turkey
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Turkey banks market with five year forecasts
Reasons to Buy
- What was the size of the Turkey banks market by value in 2024?
- What will be the size of the Turkey banks market in 2029?
- What factors are affecting the strength of competition in the Turkey banks market?
- How has the market performed over the last five years?
- What are the main segments that make up Turkey's banks market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. TC Ziraat Bankasi AS
8.2. Turkiye Halk Bankasi AS
8.3. Turkiye IS Bankasi AS
8.4. Turkiye Vakiflar Bankasi Turk Anonim Ortaklig
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Turkey banks industry value: $ billion, 2019-24
Table 2: Turkey banks industry category segmentation: % share, by value, 2019-24
Table 3: Turkey banks industry category segmentation: $ billion, 2019-24
Table 4: Turkey banks industry geography segmentation: $ billion, 2024
Table 5: Turkey banks industry value forecast: $ billion, 2024-29
Table 6: Turkey banks industry share: % share, by value, 2024
Table 7: TC Ziraat Bankasi AS: Key Facts
Table 8: TC Ziraat Bankasi AS: Key Employees
Table 9: Turkiye Halk Bankasi AS: Key Facts
Table 10: Turkiye Halk Bankasi AS: Annual Financial Ratios
Table 11: Turkiye Halk Bankasi AS: Key Employees
Table 12: Turkiye IS Bankasi AS: Key Facts
Table 13: Turkiye IS Bankasi AS: Annual Financial Ratios
Table 14: Turkiye IS Bankasi AS: Key Employees
Table 15: Turkiye Vakiflar Bankasi Turk Anonim Ortaklig: Key Facts
Table 16: Turkiye Vakiflar Bankasi Turk Anonim Ortaklig: Annual Financial Ratios
Table 17: Turkiye Vakiflar Bankasi Turk Anonim Ortaklig: Key Employees
Table 18: Turkey Size of Population (Million), 2020-24
Table 19: Turkey Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: Turkey GDP (Current Prices, $ Billion), 2020-24
Table 21: Turkey Inflation, 2020-24
Table 22: Turkey Consumer Price Index (Absolute), 2020-24
Table 23: Turkey Exchange Rate, 2019-24
List of Figures
Figure 1: Turkey banks industry value: $ billion, 2019-24
Figure 2: Turkey banks industry category segmentation: $ billion, 2019-24
Figure 3: Turkey banks industry geography segmentation: % share, by value, 2024
Figure 4: Turkey banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in Turkey, 2024
Figure 6: Drivers of buyer power in the banks industry in Turkey, 2024
Figure 7: Drivers of supplier power in the banks industry in Turkey, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Turkey, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in Turkey, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in Turkey, 2024
Figure 11: Turkey banks industry share: % share, by value, 2024
