IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-0-230-58206-4_8.html
   My bibliography  Save this book chapter

Current Developments and Prospects for Turkish Banks

In: Turkish Banking

Author

Listed:
  • Yener Altunbaş

    (Bangor University)

  • Alper Kara

    (Loughborough University)

  • Özlem Olgu

    (Koç University)

Abstract

In the penultimate chapter we focus on current developments and take a look at the prospects of Turkish banking for the future. Above all, the most important occurrence, not only for Turkish banking but also for Turkey as a nation, was the declaration of Turkey as an EU accession country in 2005. The first section of the chapter reviews the structural and institutional preparations of the Turkish banking and financial system towards meeting EU regulations and systems. Then we switch our attention to the implementation process of newly reinforced capital adequacy directives (Basel II), followed by the readiness for and the impact of the new Basel Accord directives on current levels of capital adequacy of Turkish banks. Subsequently, we discuss the developments in housing loans with the introduction of the Mortgage Law. Potential EU membership, the successful banking sector restructuring programme after the 2000/01 financial crises, the enforcement of internationally accepted banking standards such as Basel II, and the growth potential of the sector, attracted an historical amount of foreign investment to the banking industry. In the final section, we review the recent acquisitions by foreign banks and assess the impact of a large foreign presence on Turkish banking.

Suggested Citation

  • Yener Altunbaş & Alper Kara & Özlem Olgu, 2009. "Current Developments and Prospects for Turkish Banks," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Turkish Banking, chapter 8, pages 169-190, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-58206-4_8
    DOI: 10.1057/9780230582064_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-0-230-58206-4_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.