GROWTH POTENTIAL OF SMEs and SME BANKING IN TURKEY. Mehmet Sönmez Yapı Kredi Head of Retail Banking. 15/01/2008, Vienna KOBİ SME.

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "GROWTH POTENTIAL OF SMEs and SME BANKING IN TURKEY. Mehmet Sönmez Yapı Kredi Head of Retail Banking. 15/01/2008, Vienna KOBİ SME."

Transcription

1 GROWTH POTENTIAL OF SMEs and SME BANKING IN TURKEY Mehmet Sönmez Yapı Kredi Head of Retail Banking 15/01/2008, Vienna 1 KOBİ = SME SME Banking

2 EVERYDAY IN TURKEY, THERE IS A SIGNIFICANT NUMBER OF PRESS RELEASE ABOUT KOBI AGENDA GENERAL OVERVIEW GROWTH POTENTIAL OF SME BANKING MARKET YAPI KREDİ

3 AGENDA GENERAL OVERVIEW GROWTH POTENTIAL OF SME BANKING MARKET YAPI KREDİ SME DEFINITION IN EU & TURKEY Enterprise category EU definiton Head count Annual Turnover Annual Balance sheet total Turkish definition Head count Annual Turnover Annual Balance sheet total Micro <10 <2 mio EUR < 2 mio EUR < 10 ~600 ths EUR ~600 ths EUR Small <50 <10 mio EUR < 10 mio EUR < 50 ~ 3 mio EUR ~ 3 mio EUR Medium sized <250 < 50 mio EUR < 43 mio EUR < 250 ~15 mio EUR ~ 15 mio EUR

4 SMEs IN THE WORLD AND IN TURKEY Share of SME s in cash loans (%) * UK * USA * Japan * Turkey * Italy * France * Germany SME loans / GDP (Percent) France Germany Italy UK 16,7 18,1 17,0 17, SMEs share in GDP (%) Source: Mckinsey analysis Turkey 9,5 SME s IN TURKISH ECONOMY SMEs SHARE 99 % 77 % 38 % 10 % 22% Nr of SMEs Employment Capital Investment Exports Total Loans *Nr of SMEs are approximately 2 million in Turkey

5 SME S IMPORTANCE IN TURKISH ECONOMY Opportunity of employment with lower investment costs Easier accordance to demand changes and diversities Balance and stability factor in regional development, political and social systems Mitigation of income distribution differences Complementary and supporter of big industry companies SME S MAIN PROBLEMS Lower utilization from altenative finance tools Difficulties to access new technology Lower utility from incentives Difficulties in following up developments in technical and commercial in country and abroad Lack of qualified staff Need to develop competition in global environment

6 THE MAIN PROBLEMS GIVE SOME HINTS ABOUT A WIN WIN APPROACH FOR SME BANKING Marketing / Sales Production Finance Key Points in Banking Relations Unable to predict longterm sales Unable to make market/consumer surveys Lack of domestic demand Problems in delivery channels High costs of raw materials Excess inventory Insuffciency of imported raw materails Collection of receivables on time Problems in credit assurance Interest payments Capital insufficiency Tax problems Problems w/ providing collateral for credit assurance High level of bureaucratic transactions Insufficient credit limits /maturity Time saving Based on relationship banking Uncertainty of future Uncertainty of long-term investment planning Need for financial support Importance of confidence in cash management & credit facilites 3F banking needs (Fast, Flexible, Functional) Source: Askon Survey Reports, team anaysis AGENDA GENERAL OVERVIEW GROWTH POTENTIAL OF SME BANKING MARKET YAPI KREDİ

7 THE CONTRIBUTION OF THE TURKISH SME SECTOR TO THE TOTAL BANKING REVENUES IS EXPECTED TO OUT-GROW THE GLOBAL AVERAGE FOR THE SME SECTOR SME s contribution to banking revenues vs. forecasted growth 30% Average contribution to Banking revenues = 16% Forecasted revenue growth p.a. 25% 20% 15% 10% 5% Turkey Singapore Taiwan Australia US Switzerland UK Japan France Thailand Finland Portugal Austria Germany South Korea New Zealand Sweden Belgium Netherlands Norways Ireland Spain Denmark China Average Growth = 10% Italy 0% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% * Source: Mercer Oliver Wyman analysis SME banking revenues as % of total banking revenues HISTORICALLY, THE POTENTIAL OF THE SME S HAS BEEN OVERLOOKED BY TURKISH BANKS. HOWEVER, THE SME SEGMENT IS FAST CATCHING UP AS THE NEW GROWING PLATFORM Projected Business Lending growth until US$497 BN $Bil Total CAGR 22% US$183 BN Mortgage SME Other Retail Cards Commercial Corporate CAGR 40% 24% 20% 19% 18% 15% * Source: Mercer Oliver Wyman analysis

8 SUBSTANTIAL GROWTH AND VALUE GENERATION IS EXPECTED IN THE TURKISH SMALL BUSINESS SEGMENT IN THE YEARS TO COME, MAINLY DRIVEN BY VOLUMES ESTIMATION Small-business risk-adjusted revenues EUR millions 1,648 CAGR 12.2% 2, Growth mainly driven by volumes Average, before risk cost, margins on customer volumes *, percent 7.9% Loan margin Deposit margin Transaction margin** / / / % Margins are declining but they are expected to stay at healthy level in the medium-term Average risk cost as percentage of loans Pre-tax return on equity in small business banking 2.3% 2.7% 49.6% 40.4% Probability of default % Risk cost increase due to increase of PD due to higher penetration ROE expected to remain high, due to the significant growth in revenues, largely offsetting increase in capital absorbed * Including fees ** On total customer volume Source: National Statistics; UniCredit; McKinsey EACH BANK IN TURKEY HAS FOCUSED ON SME S

9 MAJOR BANKS HAVE STARTED SHIFTING THEIR FOCUS TO THE SME SEGMENT AS A CRITICAL PILLAR OF THEIR FUTURE GROWTH Sme Banking is recently formed as a seperate division in banks Large players are leveraging on existing wide network, but trying to create new areas 2 Key areas in building the pillar Product Variety Relationship and advice Mostly developing sectoral packages which have mostly same mix of products but different name of loans Specialized products include; Seasonal loans, Specialized collateral Custom payment solutions Dedicated Relationship Managers for SMEs Alliances with key organizations Actions giving information for the needs of SMEs (Basel II, technology.. ) AGENDA GENERAL OVERVIEW GROWTH POTENTIAL OF SME BANKING MARKET YAPI KREDİ

10 YAPI KREDI in TERMS OF NUMBERS * Total Assets (billion. billion.) 48.8 Credit (billion) billion) 25 Deposits (billion) billion) 32 Number of Credit Card (million) million) 4,9 Number of Customers (million) million) 14.2 Number of Branches 661 Number of ATM ATM s (1) 1,902 Number of Employees One of the most dynamic and 13,923 Paid Capital (billion) billion) experienced institutions of Turkey 3,143 Fourth biggest private bank for assests * As of September YAPI KREDI HAS %9 BRANCH SHARE with 676 BRANCHES IN TURKEY WE ARE PLANNING TO REACH TO 1,000 BRANCHES AND %11,5 SHARE TILL 2010 Kırklareli 3 Kastamonu 1Sinop 1 Bartın 1 Artvin 2 Ardahan Karabük 1 İstanbul 268 Zonguldak 4 Samsun 5 Rize 1 Kocaeli 3 Düzce 1 Trabzon 3 Amasya 1 Ordu 1 Çankırı 1 Yalova 1 Sakarya 3 Kars 1 Giresun 1Gümüşhane 1 Bolu 2 Çorum 2 Tokat 1 Bayburt 1 Bilecik 1 Iğdır Bursa 24 Erzurum 2 Kırıkkale 1 Ağrı 1 Erzincan 1 Balıkesir 6 Yozgat 1 Ankara 65 Eskişehir 4 Kütahya 1 Sivas 1 Tunceli Kırşehir 1 Muş Bingöl Edirne 4 Tekirdağ 5 Çanakkale 4 Manisa 7 Uşak 2 İzmir 52 Nevşehir 1 Afyon 2 Aydın 6 Isparta 2 Denizli 6 Konya 5 Burdur 1 Muğla 16 Antalya 27 Diyarbakır 5 Niğde 1 Van 1 Malatya 3 Maraş 2 Osmaniye 1 Mersin 9 Hatay 4 Hakkari Şırnak Mardin 2 Antep 5 Siirt Batman 1 Adıyaman 1 Adana 9 Karaman 1 Bitlis Elazığ 3 Kayseri 4 Aksaray 1 Urfa 2

11 YAPI KREDI GROWTH IN SME BANKING KPI Objective: BUSINESS MODEL Total SME lending Bln YTL 2,8 6,2 CAGR: 50% Product offering improvement and SME Revenues % of Total Bank Loans 11% 13% 776 Bln YTL 500 CAGR = 25% bundling Robust and effective proprietary credit risk management tools in order to catch the market risk / return # of SME clients % % of Total Bank Rev 19% Ths CAGR: 17% opportunities Significant improvement of front line coverage, skills, sales force effectiveness OUR KEY SUCCESS FACTORS Dedicated Relationship Managers and Service Model Product offers Innovative Approach Effective Risk Management Wide Network 22

12 OUR SERVICE MODEL Dedicated Relationship Manager 1,100 RMs who know sectors and regions Mixed product knowledge (for commercial and individual needs) Priority in transactions Consultancy Shortening the waiting time of the customer in the branch Fast service OUR PRODUCT OFFER APPROACH IS LEVERAGED ON THE NEEDS OF THE CUSTOMES Turnover Micro Easy & fast transactions Simple saving products Simple credit products Company owner s individual needs Packages Key Credit line (Short Term products loans Overdraft) ST investment products (Mutual funds, time deposits w/ short maturity, O/N) Cheque book Purchasing card POS Debit card Small Business Easy & fast transactions Fast processing of credit app. Flexible credit facility Consultancy Saving products Company owner s individual needs Packages Short Term & Long Term credit line Leasing Mutual funds POS ST time deposits, O/N Purchasing card Debit card Cheque book Insurance Business credit card Medium Sized Ent. Tailor Made transaction and service bundle Fast processing of credit app. Flexible credit facility Saving products Short term and long term loan ( w/ more complexity) Trade products (LG/LC) Investment products FX-fwd-derivates/swaps Bankcards (owner / co / staff) Factoring Leasing Business mortgage Corporate card Source: Team analysis

13 INNOVATIVE APPROACH A unique partnership in Turkish Banking Sector and the world... Banking Services Main Sponsor of Partnership Technology and Internet Services Consultancy for grants and R&D Projects Internet and technological services providing Consultancy for Grants Patent Consultancy 25 INNOVATIVE APPROACH Catalyzer for United Nations and European Union Grants, a unique service in Turkish Banking Sector... Research & Development Projects Agricultural Projects and Equipment Purchasing Invesment Projects For Certain Areas Inform SME having candidate projects.. Consult them for the proper application... Provide project application service... Follow up the project after approval.. Offer Finance alternatives for non-granted part Tailor Made Project Application Service 26

14 INNOVATIVE APPROACH the first SME internet portal of Turkey SME members, an information hub Channel of giving consultancy service Ask the expert Online services Internet, web site name Software and hardware E-commerce services Brand and patent consultancy services 27 INNOVATIVE APPROACH A differentiated SME meeting for Anatolian Meetings in many cities of Turkey... Appealing topic, Grants for SME s Famous Turkish anchorman, Kadir Copdemir Communicative meeting setup 28

15 CHALLENGING EXPECTATIONS ARE JUSTIFIED Approved Grant Program Total Nr of Projects Nr of Projects Delivered Nr of Projects Grant Amount (EUR) Rural and Agricultural Development R & D support Regional SME Development Total *As of 7 Jan 2008 YAPI KREDI MOTTO

16

RESULT SUMMARY OF THE VISITOR SURVEY

RESULT SUMMARY OF THE VISITOR SURVEY November, 14 17, 2013 RESULT SUMMARY OF THE VISITOR SURVEY TÜYAP Fair, Convention and Congress Center Büyükçekmece İstanbul, Turkey 6 TABLE OF CONTENTS PAGE 1. SUBJECT OF THE SURVEY 3 1.1. INFORMATION

More information

REPUBLIC OF TURKEY MINISTRY OF ECONOMY NEW INVESTMENT INCENTIVES PROGRAM

REPUBLIC OF TURKEY MINISTRY OF ECONOMY NEW INVESTMENT INCENTIVES PROGRAM REPUBLIC OF TURKEY MINISTRY OF ECONOMY NEW INVESTMENT INCENTIVES PROGRAM April, 2012 1 The New Investment Incentives Program General Investment Incentive Scheme Regional Investment Incentive Scheme Large

More information

YAPI KREDİ: A New Bank is Born. İstanbul, 2 October 2006

YAPI KREDİ: A New Bank is Born. İstanbul, 2 October 2006 YAPI KREDİ: A New Bank is Born İstanbul, 2 October 2006 AGENDA THE NEW BANK SHAREHOLDING AND ORGANIZATIONAL STRUCTURE VISION AND KEY TARGETS 2 YAPI KREDİ MERGER IS THE BIGGEST M&A PROJECT IN THE HISTORY

More information

TEB 30 September 2013

TEB 30 September 2013 TEB 30 September 03 Summary Balance Sheet Source: TEB BRSA Consolidated Financials Summary Income Statement 3 Source: TEB BRSA Consolidated Financials Strong balance sheet growth with continuing commitment

More information

Türk Ekonomi Bankası A.Ş. 2011 1Q Results

Türk Ekonomi Bankası A.Ş. 2011 1Q Results 2011 1Q Results TEB Financial Group of Companies and the Merged Bank A Major Player of the Turkish Financial Services Market TEB Factoring 3rd largest factoring company in Turkey with 9% market share as

More information

TEB 31 December 2014

TEB 31 December 2014 TEB 3 December 04 Summary Balance Sheet Source: TEB BRSA Consolidated Financials Summary Income Statement 3 Source: TEB BRSA Consolidated Financials Strong balance sheet growth with continuing commitment

More information

Summary Balance Sheet. Source: TEB BRSA Consolidated Financials

Summary Balance Sheet. Source: TEB BRSA Consolidated Financials TEB 30 June 03 Summary Balance Sheet Source: TEB BRSA Consolidated Financials Summary Income Statement 3 Source: TEB BRSA Consolidated Financials Strong balance sheet growth, commitment to core banking

More information

TURKEY'S INVESTMENT INCENTIVES SYSTEM

TURKEY'S INVESTMENT INCENTIVES SYSTEM TURKEY'S INVESTMENT INCENTIVES SYSTEM The new investment incentives scheme is specifically designed to encourage investments with the potential to reduce dependency on the importation of intermediate goods

More information

INDUSTRIAL ESTATES IN TURKEY. Đnci Özgüç * 1. INTRODUCTION

INDUSTRIAL ESTATES IN TURKEY. Đnci Özgüç * 1. INTRODUCTION Journal of Economic Cooperation Among Islamic Countries 20, 1 (1999) 85-104 INDUSTRIAL ESTATES IN TURKEY Đnci Özgüç * The rapid industrialisation of Turkey can be attributed, at least partly, to the extensive

More information

CATTLE SECTOR IN TURKEY

CATTLE SECTOR IN TURKEY CATTLE SECTOR IN TURKEY Çagla Yüksel Kaya Veterınarıan CATTLE BREEDERS ASSOCIATION OF TURKEY CATTLE SECTOR its value shared in 2004 In EU-25 nearly 23% of the total value of agricultural production and

More information

TÜRKİYE VAKIFLAR BANKASI T.A.O. Covered Bond Programme (Turkey) Monthly Investor Report: [03/07/2016] to [07/08/2016] Cut-off date: [07/08/2016]

TÜRKİYE VAKIFLAR BANKASI T.A.O. Covered Bond Programme (Turkey) Monthly Investor Report: [03/07/2016] to [07/08/2016] Cut-off date: [07/08/2016] 1. PROGRAMME OVERVIEW 1.1 Group Group parent company Group consolidated financial information (link) T. Vakıflar Bankası T.A.O. T. Vakıflar Bankası T.A.O. http://www.vakifbank.com.tr/tas-consolidated.aspx?pageid=646

More information

THE POST SHOW REPORT

THE POST SHOW REPORT THE POST SHOW REPORT Fair Convention and Congress Center Büyükçekmece Istanbul TABLE OF CONTENTS PAGE 1. SUBJECT OF SURVEY 3 1.1. SHOW INFO 3 1.2. PURPOSE OF SURVEY 3 1.3. METHOD AND SAMPLE STRUCTURE OF

More information

Government Incentives For Tourism Sector. Cüneyt Ertürk

Government Incentives For Tourism Sector. Cüneyt Ertürk Government Incentives For Tourism Sector Cüneyt Ertürk Government Incentives For Tourism Sector The precautions related to investment incentives show a decline from the early 199s, after this 2 years period

More information

Fibabanka Overview September 2013

Fibabanka Overview September 2013 Fibabanka Overview September 2013 12 Countries 74 Companies >12,000 employees Fiba Group Sectors & Companies Fiba Holding Fina Holding Banking Other Financial Services Retail Real Estate & Asset Management

More information

Fibabanka Overview December 2013

Fibabanka Overview December 2013 Fibabanka Overview December 2013 12 Countries 82 Companies 15,000 employees Fiba Group Sectors & Companies Fiba Holding Fina Holding Banking Other Financial Services Retail Real Estate & Asset Management

More information

Culture, Religiosity and Female Labor Supply

Culture, Religiosity and Female Labor Supply Culture, Religiosity and Female Labor Supply Duygu Güner and Gökçe Uysal May 8, 2014 Abstract Does culture affect female labor supply? In this paper, we address this question using a recent approach to

More information

FACTS & FIGURES: TEDU 2014-15 (as of May 31st, 2015)

FACTS & FIGURES: TEDU 2014-15 (as of May 31st, 2015) FACTS & FIGURES: TEDU 2014-15 (as of May 31st, 2015) TEDU STUDENTS a. Newly enrolled students in 2014: Placed (w. full ) : 37 Placed (w. 75% ) : 34 Placed (w. 50% ) : 203 Placed (w. 25% ) : 96 Placed (total)

More information

Analysis of variable-base heating and cooling degree-days for Turkey

Analysis of variable-base heating and cooling degree-days for Turkey Applied Energy 69 (2001) 269 283 www.elsevier.com/locate/apenergy Analysis of variable-base heating and cooling degree-days for Turkey Orhan Bu yu kalaca *, Hu samettin Bulut, Tuncay Yılmaz Department

More information

Parcel Post Compendium Online Turkish PTT Corporation. TR - Turkey TRA

Parcel Post Compendium Online Turkish PTT Corporation. TR - Turkey TRA Basic Services 1 Maximum weight limit admitted 1.1 Surface parcels (kg) 30 1.2 Air (or priority) parcels (kg) 30 2 Maximum size admitted 2.1 Surface parcels 2.1.1 2m x 2m x 2m (or 3m length & greatest

More information

Akbank Committed to Sustainable Leadership. June 2013

Akbank Committed to Sustainable Leadership. June 2013 Akbank Committed to Sustainable Leadership June 2013 1 Agenda Turkey and Turkish Banking Sector Akbank in a Snapshot Financial Figures 2014 and beyond 3 8 18 39 2 Outstanding growth potential European

More information

Monitoring data and existing information Country Presentation from Turkey

Monitoring data and existing information Country Presentation from Turkey Workshop on DEVELOPING REGIONAL COOPERATION FOR SHARED KARST AQUIFER MANAGEMENT IN SEE 27-28 June 2008 Thessaloniki, Greece Monitoring data and existing information Country Presentation from Turkey Plan

More information

NATURAL GAS MARKET TARIFFS REGULATION

NATURAL GAS MARKET TARIFFS REGULATION NATURAL GAS MARKET TARIFFS REGULATION 1 Presentation Outline NATURAL GAS MARKET TARIFFS Tariff Definition Process and Main Principles Type of Tariffs Connection Tariffs Tariffs Regarding Transmission and

More information

2007 : Conclusion of partnership agreement to sell % of shares to BTA (Bank Turan Alem) Group of Kazakhstan

2007 : Conclusion of partnership agreement to sell % of shares to BTA (Bank Turan Alem) Group of Kazakhstan 953 : Established in Eskişehir as the Sugar Beet Cooperative Bank 956 : Moved to Ankara and renamed as Şekerbank 970 s : Shifted to full service banking from cooperative banking 980 s : Concentrated in

More information

REGIONAL MIGRATION IN TURKEY WITH MARKOV CHAIN ANALYSIS

REGIONAL MIGRATION IN TURKEY WITH MARKOV CHAIN ANALYSIS REGIONAL MIGRATION IN TURKEY WITH MARKOV CHAIN ANALYSIS Leyla BİLEN KAZANCIK State Planning Organization lbilen@dpt.gov.tr Dr. Güler KOÇBERBER Public Procurement Institute gulerkocberber@kik.gov.tr INTRODUCTION

More information

THE INNOVATION INDEX OF CITIES OF TURKEY: AN EMPIRICAL ANALYSIS FOR DETERMINING FACTORS OF INNOVATION

THE INNOVATION INDEX OF CITIES OF TURKEY: AN EMPIRICAL ANALYSIS FOR DETERMINING FACTORS OF INNOVATION Ekonometri ve İstatistik Sayı:22 2015 36-46 İSTANBUL ÜNİVERSİTESİ İKTİSAT FAKÜLTESİ EKONOMETRİ VE İSTATİSTİK DERGİSİ THE INNOVATION INDEX OF CITIES OF TURKEY: AN EMPIRICAL ANALYSIS FOR DETERMINING FACTORS

More information

INVESTOR PRESENTATION. BRSA Unconsolidated Financial Statements Highlights 31.12.2015 www.sekerbank.com.tr

INVESTOR PRESENTATION. BRSA Unconsolidated Financial Statements Highlights 31.12.2015 www.sekerbank.com.tr INVESTOR PRESENTATION BRSA Unconsolidated Financial Statements Highlights 3.2.205 www.sekerbank.com.tr CONTENTS About Şekerbank 3-7 Background / Milestones Strategy & Mission Ownership Ratings Geographical

More information

RATIO ESTIMATORS IN POST-STRATIFICATION

RATIO ESTIMATORS IN POST-STRATIFICATION Nüfusbilim Dergisi\Turkish Journal of Population Studies, 2012, 34, 3-15 3 RATIO ESTIMATORS IN POST-STRATIFICATION In this study, some ratio-type estimators are taken into consideration in literature and

More information

A. Sinan Türkyılmaz, Attila Hancıoğlu and İsmet Koç

A. Sinan Türkyılmaz, Attila Hancıoğlu and İsmet Koç SURVEY DESIGN APPENDIX B A. Sinan Türkyılmaz, Attila Hancıoğlu and İsmet Koç The major features of sample design and implementation for the Turkish Demographic and Health Survey, 2003 (TDHS-2003) are described

More information

As of 31.12.2013. www.sekerbank.com.tr

As of 31.12.2013. www.sekerbank.com.tr As of 3.2.203 www.sekerbank.com.tr Contents Pages Background & Ownership 3-4 Ratings and Financial Performance 6-0 Risk Management 4-6 Business Strategies & Current Strengths 8-20 National Presence and

More information

Securitas Corporate Presentation

Securitas Corporate Presentation Securitas Corporate Presentation Insert picture in this frame Insert picture in this frame İnsanlarla Güvenlik Çözümleri Hasan Yalçın / Project Risk Coordinator History Securitas worldwide Securitas Turkey

More information

Visitor Research Post Show Report

Visitor Research Post Show Report December 6-9, 2012 ISTANBUL EXPO CENTER ISTANBUL - TURKEY Visitor Research Post Show Report INTRODUCTION This report is prepared for the participants of EyafExpo 2012 to present the summary results of

More information

Individual Pension System Progress Report

Individual Pension System Progress Report Individual Pension System Progress Report 28 PENSION MONITORING CENTER Individual Pension System Progress Report 28 bes28gr@egm.org.tr Electronic version of this document and reference data of selected

More information

NEWSPAPER ADVERTISING RATES

NEWSPAPER ADVERTISING RATES NEWSPAPER ADVERTISING RATES Effective from April 2014 CONTENTS SABAH Page TAKVİM Page Turkey Edition 2 Turkey and Istanbul Adv. Edition 10 Istanbul Edition 3 Günaydın Advertising Edition 4 FOTOMAÇ Sabah

More information

Openness and Regional Distribution of Turkish Manufacturing Industries

Openness and Regional Distribution of Turkish Manufacturing Industries Loyola University Chicago Loyola ecommons Topics in Middle Eastern and North African Economies Quinlan School of Business 9--006 Openness and Regional Distribution of Turkish Manufacturing Industries Fatma

More information

INVESTOR PRESENTATION. BRSA Unconsolidated Financial Statements Highlights 30.09.2015 www.sekerbank.com.tr

INVESTOR PRESENTATION. BRSA Unconsolidated Financial Statements Highlights 30.09.2015 www.sekerbank.com.tr INVESTOR PRESENTATION BRSA Unconsolidated Financial Statements Highlights 30.09.205 www.sekerbank.com.tr CONTENTS About Şekerbank 3-7 Background / Milestones Strategy & Mission Ownership Ratings Geographical

More information

Poverty and Social Stratification at the Regional Levels in Turkey

Poverty and Social Stratification at the Regional Levels in Turkey Poverty and Social Stratification at the Regional Levels in Turkey Ercan Dansuk * Mehmet Ozmen ** Güzin Erdogan *** Abstract This study presents a starting point in examining the issue of poverty in Turkey

More information

Mother Child Education Foundation

Mother Child Education Foundation 2007 Annual Report Contents 1 Mother Child Education Foundation 2 President s Message 6 Board of Trustees and Board of Directors 7 Our Consultants 10 ACEV Programs and Activities 11 ACEV's Approach 12

More information

AKDENİZBİRLİK 3. OLIVE STATISTICS

AKDENİZBİRLİK 3. OLIVE STATISTICS 3 3. STATISTICS Tree (Olea europaea L.) finds the best atmosphere in the Mediterranean region belt and this region is called as the Civilization of. 98 % percent of the world olive production which is

More information

TURKEY WHAT S HOT WHAT S NOT

TURKEY WHAT S HOT WHAT S NOT TURKEY WHAT S NOT TURKEY WHAT S NOT There is TURKEY TURKEY WHAT S NOT There is TURKEY and TURKEY WHAT S NOT There is TURKEY and There is İSTANBUL TURKEY Secondary and tertiary cities Limited/focused service,

More information

Visitor Research Post Show Report

Visitor Research Post Show Report December 1-4, 2011 ISTANBUL EXPO CENTER ISTANBUL - TURKEY Visitor Research Post Show Report INTRODUCTION This report is prepared for the participants of EyafExpo 2011 to present the summary results of

More information

Zeitschrift für die Welt der Türken Journal of World of Turks THE IMPACT OF ECONOMIC DEVELOPMENT ON REGIONAL MIGRATION IN TURKEY

Zeitschrift für die Welt der Türken Journal of World of Turks THE IMPACT OF ECONOMIC DEVELOPMENT ON REGIONAL MIGRATION IN TURKEY THE IMPACT OF ECONOMIC DEVELOPMENT ON REGIONAL MIGRATION IN TURKEY Mustafa METE Hakkı ÖZBAŞ Abstract: Since its inception, Turkey has experienced several migration movements. It is a transit country that

More information

INVESTOR PRESENTATION. BRSA Unconsolidated Financial Statements Highlights 30.06.2015 www.sekerbank.com.tr

INVESTOR PRESENTATION. BRSA Unconsolidated Financial Statements Highlights 30.06.2015 www.sekerbank.com.tr INVESTOR PRESENTATION BRSA Unconsolidated Financial Statements Highlights 30.06.205 www.sekerbank.com.tr CONTENTS About Şekerbank 3-7 Background / Milestones Strategy & Mission Ownership Ratings Geographical

More information

TEASER. Privatization of Turkey s Electricity Distribution Industry

TEASER. Privatization of Turkey s Electricity Distribution Industry TEASER Privatization of Turkey s Electricity Distribution Industry Legal Disclaimer Regarding the Teaser Any estimates and projections contained in the present Teaser (the Teaser ) involve significant

More information

FACTS & FIGURES: TEDU (as of October 2015)

FACTS & FIGURES: TEDU (as of October 2015) FACTS & FIGURES: TEDU (as of October 2015) TEDU STUDENTS a. Newly enrolled students: Placed (w. full ) : 75 Placed (w. 75% ) : - Placed (w. 50% ) : 239 Placed (w. 25% ) : 145 Placed (paid=w. 0% ) : 66

More information

INVESTOR PRESENTATION. BRSA Unconsolidated Financial Statements Highlights 31.03.2015 www.sekerbank.com.tr

INVESTOR PRESENTATION. BRSA Unconsolidated Financial Statements Highlights 31.03.2015 www.sekerbank.com.tr INVESTOR PRESENTATION BRSA Unconsolidated Financial Statements Highlights 3.03.205 www.sekerbank.com.tr CONTENTS About Şekerbank 3-7 Background / Milestones Strategy & Mission Ownership Ratings Geographical

More information

Individual Pension System Progress Report

Individual Pension System Progress Report Individual Pension System Progress Report 29 Individual Pension System Progress Report 29 bes29gr@egm.org.tr Electronic version of this document and reference data of selected statistics are available

More information

Individual Pension System Progress Report

Individual Pension System Progress Report Individual Pension System Progress Report 211 Individual Pension System Progress Report 211 besygr@egm.org.tr Electronic version of this document and reference data of selected statistics are available

More information

Comparing 2011 General Election and 2014 Presidency Election in Turkey with Regard to Political Marketing

Comparing 2011 General Election and 2014 Presidency Election in Turkey with Regard to Political Marketing Doi:10.5901/mjss.2015.v6n2s5p139 Abstract Comparing 2011 General Election and 2014 Presidency Election in Turkey with Regard to Political Marketing Hakan Ya Trakya University Havsa Vocational School, Hakan

More information

Modeling Solar Energy Potential In Turkey

Modeling Solar Energy Potential In Turkey Modeling Solar Energy Potential In Turkey Serhat SENSOY, Yusuf ULUPINAR, Mesut DEMIRCAN, Ilker ALAN, Zuhal AKYUREK, Pinar A. BOSTAN Turkish State Meteorological Service, Ankara, Turkey Abstract Since the

More information

Statistical regions for the EFTA countries and the Candidate countries 2008

Statistical regions for the EFTA countries and the Candidate countries 2008 ISSN 1977-0375 Methodologies and working papers Statistical regions for the EFTA countries and the Candidate countries 2008 2008 edition EUROPEAN COMMISSION Europe Direct is a service to help you find

More information

Privatisation Agenda for Energy Assets

Privatisation Agenda for Energy Assets www.pwc.com.tr October 2012 Privatisation Agenda for Energy Assets Contents Introduction 3 Power distribution companies 4 Hamitabat and small hydro assets 6 Başkent Gaz 7 2 PwC Introduction Lower deal

More information

VISITOR SURVEY SUMMARY RESULTS

VISITOR SURVEY SUMMARY RESULTS 29 May 1 June 2013 VISITOR SURVEY SUMMARY RESULTS Tüyap Fair Convention and Congress Center Büyükçekmece İstanbul CONTENTS PAGE 1. RESEARCH SUBJECT 3 1.1. SHOW INFO 3 1.2. OBJECTIVES OF THE STUDY 3 1.3.

More information

GE Money Eastern European Growth

GE Money Eastern European Growth GE Money Eastern European Growth Dmitri Stockton President & CEO GE Money Central & Eastern Europe 1 / Calhoun What we do in GE Money... Retail Lending Products Multiple Distribution Broad Range of Customers

More information

Global payments trends: Challenges amid rebounding revenues

Global payments trends: Challenges amid rebounding revenues 34 McKinsey on Payments September 2013 Global payments trends: Challenges amid rebounding revenues Global payments revenue rebounded to $1.34 trillion in 2011, a steep increase from 2009 s $1.1 trillion.

More information

" Unique Approach of Garanti Bank to Women Entrepreneurs

 Unique Approach of Garanti Bank to Women Entrepreneurs " Unique Approach of Garanti Bank to Women Entrepreneurs Selin Oz SME Banking Marketing Manager Garanti Bank March 2012 CAIRO Why Women Entrepreneurs? Facts of Women Entrepreneurs What Differentiate Women

More information

Small and Medium Entrepreneurship in Russia

Small and Medium Entrepreneurship in Russia Sergei Safonov Partner, EY Small and Medium Entrepreneurship in Russia Roundtable discussion SME financing in ENCA Luxembourg, 12 March 2014 Contents The role of SME sector in the Russian economy and the

More information

VISITOR SURVEY EXECUTIVE SUMMARY

VISITOR SURVEY EXECUTIVE SUMMARY VISITOR SURVEY EXECUTIVE SUMMARY March 11 14, 2015 TÜYAP Fair Convention and Congress Center Istanbul / TURKEY CONTENTS PAGE 1. SUBJECT 3 1.1. KEY INFORMATION 3 1.2. PURPOSE 4 1.3. METHOD AND SAMPLING

More information

FMD SITUATION IN TURKEY. -Country Report- FMD SITUATION IN TURKEY. - Country Report- Dr Nihat Pakdil Deputy Secretary of M.A.R.A.

FMD SITUATION IN TURKEY. -Country Report- FMD SITUATION IN TURKEY. - Country Report- Dr Nihat Pakdil Deputy Secretary of M.A.R.A. Appendix 11 FMD SITUATION IN TURKEY -Country Report- FMD SITUATION IN TURKEY - Country Report- Dr Nihat Pakdil Deputy Secretary of M.A.R.A. of Turkey A.Naci BULUT Head of Diagnosis Department Sap Institute,

More information

DIMENSION OF WATER LOSS THROUGH DISTRIBUTION SYSTEM AND REDUCTION METHODS IN TURKEY

DIMENSION OF WATER LOSS THROUGH DISTRIBUTION SYSTEM AND REDUCTION METHODS IN TURKEY DIMENSION OF WATER LOSS THROUGH DISTRIBUTION SYSTEM AND REDUCTION METHODS IN TURKEY İzzet ÖZTÜRK Vedat UYAK Mehmet ÇAKMAKCI Lütfi AKÇA İstanbul Technical University, Faculty of Civil Engineering, Department

More information

Culture, Religiosity and Female Labor Supply

Culture, Religiosity and Female Labor Supply DISCUSSION PAPER SERIES IZA DP No. 8132 Culture, Religiosity and Female Labor Supply Duygu Guner Gokce Uysal April 2014 Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor Culture,

More information

State of the Israeli Technology Industry and the Future. Dr. Orna Berry Venture Partner, Gemini Israel Funds

State of the Israeli Technology Industry and the Future. Dr. Orna Berry Venture Partner, Gemini Israel Funds State of the Israeli Technology Industry and the Future Dr. Orna Berry Venture Partner, Gemini Israel Funds 2002 ICT GDP - NIS 33 billion 17% of business sector GDP. OECD highest - compared to 10-11% in

More information

MAP RELATED PROJECTS IN TURKEY

MAP RELATED PROJECTS IN TURKEY MAP RELATED PROJECTS IN GENERAL DIRECTORATE OF LAND REGISTRY AND CADASTRE IN TURKEY Sedat BAKICI & Güler YALÇIN & Ömer YILDIRIM General Directorate of Land Registry and Cadastre of TURKEY GDLRC 16/06/2008

More information

Applied Energy 84 (2007) 477 491. Simple model for the generation of daily global solar-radiation data in Turkey

Applied Energy 84 (2007) 477 491. Simple model for the generation of daily global solar-radiation data in Turkey Applied Energy 84 (2007) 477 491 APPLIED ENERGY www.elsevier.com/locate/apenergy Simple model for the generation of daily global solar-radiation data in Turkey Hüsamettin Bulut a, *, Orhan Büyükalaca b

More information

The Use of Leasing Amongst European SMEs Executive Summary November 2011 A report prepared for Leaseurope

The Use of Leasing Amongst European SMEs Executive Summary November 2011 A report prepared for Leaseurope The Use of Leasing Amongst European SMEs Executive Summary A report prepared for Leaseurope With the support of Executive Summary This report, written by Oxford Economics for Leaseurope, the federation

More information

Anatolian Banking Keys to Success in Serving Craftsmen, Micro, and Small Enterprises

Anatolian Banking Keys to Success in Serving Craftsmen, Micro, and Small Enterprises Anatolian Banking Keys to Success in Serving Craftsmen, Micro, and Small Enterprises IN PARTNERSHIP WITH: International Finance Corporation 205. All rights reserved. 22 Pennsylvania Avenue, N.W. Washington,

More information

Profit earner or cost driver? A combined view of retail banking and payments. Bertrand Lavayssière Frankfurt, May 25th

Profit earner or cost driver? A combined view of retail banking and payments. Bertrand Lavayssière Frankfurt, May 25th Profit earner or cost driver? A combined view of retail banking and payments Bertrand Lavayssière Frankfurt, May 25th Payments are crucial for Retail Banking Retail banking revenues are rather stable and

More information

TRADE EXHIBITION ISSUE REPORT

TRADE EXHIBITION ISSUE REPORT TRADE EXHIBITION ISSUE REPORT 23 rd Anfaş Hotel Equipment Trade Exhibition 2012 which is the leading event in hospitality industry held on 18-21 January, successfully gathered all sector professionals.

More information

GRANT THORNTON PROFILE OF TURKEY FOR BUSINESSMEN DOING BUSINESS IN TURKEY

GRANT THORNTON PROFILE OF TURKEY FOR BUSINESSMEN DOING BUSINESS IN TURKEY GRANT THORNTON PROFILE OF TURKEY FOR BUSINESSMEN DOING BUSINESS IN TURKEY December 2009 1 This document reflects current information as of August 2009. The latest available version may be followed at our

More information

How does a venture capitalist appraise investment opportunities?

How does a venture capitalist appraise investment opportunities? 1 How does a venture capitalist appraise investment opportunities? Michael Queen - Finance Director, 3i Group plc A presentation to: 23 Pensions Convention 2 June 23 A How presentation does a venture to:

More information

Willingness to Pay for Carbon Sequestration and Co-Benefits of Forests in Turkey

Willingness to Pay for Carbon Sequestration and Co-Benefits of Forests in Turkey Sustainability 2015, 7, 3311-3337; doi:10.3390/su7033311 Article OPEN ACCESS sustainability ISSN 2071-1050 www.mdpi.com/journal/sustainability Willingness to Pay for Carbon Sequestration and Co-Benefits

More information

THE UK FILM MARKET AS A WHOLE. BFI Research and Statistics PUBLISHED DECEMBER Image: The Lady in the Van courtesy of Sony Pictures

THE UK FILM MARKET AS A WHOLE. BFI Research and Statistics PUBLISHED DECEMBER Image: The Lady in the Van courtesy of Sony Pictures THE UK FILM MARKET AS A WHOLE BFI Research and Statistics PUBLISHED DECEMBER 2015 Image: The Lady in the Van courtesy of Sony Pictures THE UK FILM MARKET AS A WHOLE THE UK WAS THE SECOND LARGEST FILM MARKET

More information

Financial Services In Europe

Financial Services In Europe Financial Services In Europe GE A Global Company Operations in over 100 countries Debt rated Triple-A since 1956 320,000 + employees worldwide Manufacturing facilities in 32 countries 2 Six GE Businesses

More information

Future of European Consumer Finance A joint Eurofinas Roland Berger Survey

Future of European Consumer Finance A joint Eurofinas Roland Berger Survey Future of European Consumer Finance A joint Eurofinas Roland Berger Survey Highlights of 1st Edition Cascais 15 October 2015 118 companies participated to the first Eurofinas - Roland Berger Survey - representing

More information

Investor Presentation March 31, 2014

Investor Presentation March 31, 2014 Investor Presentation March 31, 2014 Leasing Sector in Turkey 3 LEASING 1 % VAT on selected machinery. (Finance Ministry decree dated 27/12/2011) New Leasing Law approved(13/12/2012,law no: 6361). Product

More information

Carians, which are one of the first settled public of Southern west Anatolia were lived in Bodrum and environs.

Carians, which are one of the first settled public of Southern west Anatolia were lived in Bodrum and environs. HISTORY OF BODRUM History of Bodrum basis on B.C. 3500's Carians, which are one of the first settled public of Southern west Anatolia were lived in Bodrum and environs. Besides being a clan presenting

More information

Anthony Serhan, CFA Managing Director, Research Strategy

Anthony Serhan, CFA Managing Director, Research Strategy Anthony Serhan, CFA Managing Director, Research Strategy Morningstar Fund Flows Morningstar Fund Flows Analysis: Worldwide Funds 2014 a strong year for fund flows USD Billions 1,500 1,000 Unclassified

More information

KOÇ GROUP AT A GLANCE

KOÇ GROUP AT A GLANCE IF NOT US, THEN SUMMARY REPORT: KOÇ GROUP AT A GLANCE Turkey s Leading Investment Holding Company KOÇ HOLDING: TURKEY S LEADING INVESTMENT HOLDING COMPANY KOÇ HOLDING IS TURKEY S LEADING INVESTMENT HOLDING

More information

We endeavor to maximize returns.

We endeavor to maximize returns. We endeavor to maximize returns. Ayşegül Özel Yapı Kredi Bankası Private Banking Portfolio Manager Erdoğan Yücel Yapı Kredi Emeklilik Sales Manager FInance 4 th largest private bank (asset size) Leader

More information

MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM AN ONLINE TOOL DESIGNED TO TAKE THE WORK OUT OF YOUR COMPENSATION REVIEW PROCESS

MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM AN ONLINE TOOL DESIGNED TO TAKE THE WORK OUT OF YOUR COMPENSATION REVIEW PROCESS MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM AN ONLINE TOOL DESIGNED TO TAKE THE WORK OUT OF YOUR COMPENSATION REVIEW PROCESS MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM www.imercer.com/cars Mercer

More information

Hourly wind velocity exceedence maps of Turkey

Hourly wind velocity exceedence maps of Turkey Energy Conversion and Management 44 (2003) 549 557 www.elsevier.com/locate/enconman Hourly wind velocity exceedence maps of Turkey Ahmet Duran Sßahin * Energy Group, Department of Meteorology, Istanbul

More information

Investor Presentation DECEMBER 31, 2009

Investor Presentation DECEMBER 31, 2009 Investor Presentation DECEMBER 31, 2009 LEASING SECTOR IN TURKEY 3 ADVANTAGES OF LEASING Expertise on SMEs, consultancy and know-how support in addition to funding. Fast credit approvals -leased asset

More information

Number of retail outlets Number of retail outlets

Number of retail outlets Number of retail outlets Number 65708 of retail outlets Number of retail outlets Number of retail outlets Trends in total number of retail outlets 2002-2007 number / as stated number per million Table 2.3 % growth inhabitants

More information

Investor Presentation December 31, 2013

Investor Presentation December 31, 2013 Investor Presentation December 31, 2013 Leasing Sector in Turkey 3 LEASING 1 % VAT on selected machinery. (Finance Ministry decree dated 27/12/2011) New Leasing Law approved(13/12/2012,law no: 6361). Product

More information

Market analysis on Factoring in EU 25+2

Market analysis on Factoring in EU 25+2 EIF Project "Jeremie" General Report on Factoring 1 Market analysis on Factoring in EU 25+2 prepared by International Factors Group (IFG) for European Investment Fund (EIF) project JEREMIE Preliminary

More information

Foreign A id and Foreign Investment

Foreign A id and Foreign Investment 13 Foreign A id and Foreign Investment Financial flows to developing countries take two main forms aid that comes from foreign governments, often called official development assistance, and investment

More information

Financial Services AKBANK

Financial Services AKBANK sabanc hold ng 2007 annual report 32 Financial Services AKBANK As of the end of 2007, Akbank was Turkey's most valuable bank having the most profitable banking operations among privately owned banks in

More information

Total Domestic Factoring FCI 594, , , , , , , %

Total Domestic Factoring FCI 594, , , , , , , % Accumulative Turnover Figures for All FCI Members Compared to Worldwide Factoring Turnover (in Millions of EUR and USD) EUR EUR EUR EUR EUR EUR EUR INCREASE 2006 2007 2008 2009 2010 2011 2012 2011/2012

More information

Q Manpower. Employment Outlook Survey Global. A Manpower Research Report

Q Manpower. Employment Outlook Survey Global. A Manpower Research Report Manpower Q 6 Employment Outlook Survey Global A Manpower Research Report Manpower Employment Outlook Survey Global Contents Q/6 Global Employment Outlook International Comparisons Americas International

More information

Chart Alert !! URGENT!!

Chart Alert !! URGENT!! Chart Alert!! URGENT!! Date: 18 December 2009 Subject: Turkey (LT) New Minimum Visibility Values for Airports within Turkey With AIRAC AIP SUP 07/09, Turkey has implemented minimum visibility values for

More information

OUTLOOK2016 Media Cost Forecasts. November 2015

OUTLOOK2016 Media Cost Forecasts. November 2015 OUTLOOK2016 Media Cost Forecasts November 2015 Introduction All network media agencies and media auditors invited to submit cost forecasts for 2016 and actuals for 2015; 46 markets covered across 7 media

More information

www.pk ww. fhot els e. ls c. om

www.pk ww. fhot els e. ls c. om Turkey - overview Zonguldak Tekirdağ Istanbul Kocaeli Sakarya Bursa Ankara Balıkesir Eskişehir Çorum Samsun Tokat Sivas Ordu Trabzon Erzurum Ağrı Manisa Kütahya İzmir Afyonkarahisar Aydın Denizli Muğla

More information

BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND

BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND PRESS RELEASE CENTRAL BANK SURVEY OF FOREIGN EXCHANGE AND DERIVATIVES MARKET ACTIVITY IN APRIL 1998: PRELIMINARY GLOBAL DATA The BIS

More information

Italian Factoring Market: An Almost Success Story

Italian Factoring Market: An Almost Success Story Italian Factoring Market: An Almost Success Story Rony Hamaui CEO Mediofactoring Milan February 2009 The Italian Market is Large. Turnover 2007 Billion of EUR 400 300 286 200 100 0 123 122 97 89 84 78

More information

INFORMATION NOTE ON THE COMMUNITY PROGRAMMES, JEAN MONNET SCHOLARSHIP PROGRAMME AND EU FP7 MARIE- CURIE ACTIONS

INFORMATION NOTE ON THE COMMUNITY PROGRAMMES, JEAN MONNET SCHOLARSHIP PROGRAMME AND EU FP7 MARIE- CURIE ACTIONS INFORMATION NOTE ON THE COMMUNITY PROGRAMMES, JEAN MONNET SCHOLARSHIP PROGRAMME AND EU FP7 MARIE- CURIE ACTIONS Table of Contents COMMUNITY PROGRAMMES... 2 Youth-in-Action Programme... 2 Lifelong Learning

More information

Industry Report Photonics 2013 Common Market Analysis

Industry Report Photonics 2013 Common Market Analysis Industry Report Photonics 2013 Common Market Analysis Industry Report Photonics 2013 Management Report World Industry Report Photonics 2013 Photonics A Strong Industry With Excellent Prospects Photonics

More information

E X E C U T I V E R E W A R D S

E X E C U T I V E R E W A R D S W H E A LT H W E A LT H C A R E E R E X E C U T I V E R E W A R D S T H E M E R C E R A D V A N T A G E The executive rewards and governance landscape is increasingly complex. Scrutiny abounds from shareholders,

More information

How international expansion is a driver of performance for insurers in uncertain times

How international expansion is a driver of performance for insurers in uncertain times How international expansion is a driver of performance for insurers in uncertain times Accenture Global Multi-Country Operating Model Survey May 2009 Copyright 2009 Accenture. All rights reserved. Accenture,

More information

SMEs access to finance survey 2014

SMEs access to finance survey 2014 EUROPEAN COMMISSION MEMO Brussels, 12 November 2014 SMEs access to finance survey 2014 This memo outlines the results of a survey undertaken by the European Commission to provide policy makers with evidence

More information

Strategy 2010 A model for the future Peter Straarup. CEO & Chairman of the Executive Board

Strategy 2010 A model for the future Peter Straarup. CEO & Chairman of the Executive Board Strategy 2010 A model for the future Peter Straarup CEO & Chairman of the Executive Board October 6, 2005 Strategy and focus A transition towards a international retail bank Mergers/acquisitions 2005 2004

More information