Turkish Banking Sector
The Turkish banking sector is a vital part of Turkey's economy, consisting of various banks that provide financial services such as loans, savings accounts, and investment options. It includes both state-owned and private banks, with major players like Ziraat Bank and Garanti BBVA. The sector is regulated by the Banking Regulation and Supervision Agency (BRSA) to ensure stability and protect consumers.
In recent years, the Turkish banking sector has faced challenges, including high inflation and currency fluctuations. Despite these issues, it has shown resilience, adapting to changing economic conditions and embracing digital banking trends. Overall, the sector plays a crucial role in supporting economic growth and development in Turkey.