Turkey Wealth Report 2016
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The Turkish banking sector is regulated by the Central Bank of the Republic of Turkey. According to the World Economic Forum’s Competitiveness Ranking 2015–2016, Turkey’s banking system ranked 51st of 144 countries.
The Turkish banking sector proved resilient during the 2008–2009 financial crises due to various reforms implemented by the Turkish government during the country’s financial crisis in 2000–2001. These included the restructuring of state banks, the strengthening of private banks, the prompt resolution of savings deposit insurance funds, and improvements to the country’s regulatory and supervisory framework. These measures were instrumental in a foreign direct investment (FDI) inflow of US$48 billion in the financial services sector during 2000–2014.
The five largest Turkish banks by market capitalization are TC Ziraat Bankası, Türkiye İş Bankası, Türkiye Garanti Bankası, Akbank and Yapı Kredi Bankası. As of September 2015, what percentages of banking assets were owned by public, private and foreign banks?
Scope
• An evaluation of the local wealth management market.
• Analysis of HNWI volume, wealth and allocation trends between 2011 and 2015
• HNWI volume, wealth and allocation forecasts to 2020
• An examination of HNWI and UHNWI asset allocations in 13 asset classes
• A geographical breakdown of all foreign assets
• An alternative breakdown of liquid versus investable assets
• Data on the number of HNWIs in major Turkish cities
• An overview of the size of the local wealth management industry
• Insights into the key drivers of HNWI wealth in Turkey
• Independent market sizing of Turkey’s HNWIs across five wealth bands
• Information on private banks in Turkey
Key Highlights
How many HNWIs are there in Turkey? How much wealth do they collectively hold in US$ billions?
By how much did the Turkish HNWI population decrease in 2015? How does this compare to the preceding year?
What is the substantial growth forecast for the Turkish HNWI population by 2020? What is the projected total of HNWIs by 2020? By what percentage is their wealth forecast to grow? What is the anticipated total in US$ billions?
Which was the largest asset class for Turkish HNWIs in 2015? What proportion of HNWI assets did it account for?
Which asset class recorded the highest growth during the review period?
Reasons to Buy
• Analyze five Turkish wealth bands and identify the preferences for wealth management services in each band. Identify new growth opportunities while minimizing exposure to risk.
• Investigate a comprehensive analysis of the private banking and wealth management sector in Turkey, and deliver value propositions to clients based on the most current market information.
• Analyze HNWI volumes in each major Turkish city, and convert more prospects efficiently and effectively.
• Assess the proliferation of wealth management service providers in Turkey to identify where the competitive balance offers the best chance to increase your share of this lucrative market.
TC Ziraat Bankası
Türkiye İş Bankası
Türkiye Garanti Bankası
Akbank
Yapı Kredi Bankasi
UniCredit Group
Citi Bank AŞ
ING Bank AŞ
HSBC Bank AŞ
Burgan Bank AŞ
Bank of Tokyo – Mitsubishi UFJ Turkey AŞ (BTMU)
Rhea Asset Management
UNLU & Co. Asset Management Services
Esas
and Egeli & Co.
Table of Contents
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