Turkey’s banks have been riding the same rollercoaster as other emerging market banks over the past year, but with the added strains of a civil war just across the border in Syria and a Kurdish insurgency in the country’s south-east. Nonetheless they appear to be weathering the storm and look set to emerge in good health.
The overall size of Turkey’s financial sector has been growing as a share of gross domestic product (GDP) over the past decade thanks to sophisticated mobile and online banking systems, though it remains smaller than that of other emerging markets.
