Banking Sector In Turkey And The Expectations For Basel III

General Structure of the Turkish Banking Sector

The impressive growth of the Turkish economy during the course of the last decade has its parallel in the country's banking sector. As of June 2013 Turkey has a diversified banking base with 49 different banks operating in the country employing around 208.000 people with 11.445 branches all over Turkey. The annual rate of branching in the sector is 6.8% and the growth of employment in the Turkish banking sector is 5.3%. The private banks are leading the sector with 45.7% of the overall branches, public banks own 27.8% of the overall branches in Turkey and the banks with foreign capital currently own 18.3% of the total branches in the Turkish banking industry. 44.6% of the workforce employed in the Turkish banking sector works for the private banks, 25.3% in public banks and 19.7% works in banks with foreign capital.