Turkish banking sector expects progress in GDP

Executives from the Turkish banking sector expect progress in economic indicators in the next 3 months.

Turkish banking sector expects progress in GDP


Executives from the Turkish banking sector expect progress in economic indicators such as gross national product (GDP), credit volumes and assets in the next 3 months.

According to a survey conducted by Turkey's Banking Regulation and Supervision Agency (BDDK) among a total of 68 high-level bank executives, positive expectations concerning growth and macroeconomic indicators continue.

When asked about their expectations for July-September 2010 period, a major part of the executives participating in the survey said that they expected an increase particularly in GDP, credit volumes and amount of assets.

Participants also noted that they expected the riskiness in the banking sector to decrease and interest rates to remain stable.

While commenting on macroeconomic indicators, participants expressed their positive expectations on almost all indicators except for the current account deficit.

Nearly 90 percent of the executives said that they expected a rise in the current account deficit in the next 3 months, BDDK's survey said.

Moreover, the percentage of participants expecting an increase in consumer prices index (CPI) decreased remarkably from 57 to 10 percent compared to the previous survey, the research added.

AA

Last Mod: 28 Temmuz 2010, 13:24
Add Comment