Page 27 - TURKRptMar21 2

40
41
42
43
44
45
46
47
48
Bankpozitif
Merrill Lynch
GSD Investment
Habib Bank
Diler Investment
Golden Global
Standard Chartered
Société Générale
Adabank
TOTAL
1998
1992
1998
1982
1998
2019
1990
1989
1984
988
626
389
251
186
168
127
109
59
5,569,207
782
0
360
103
77
39
0
0
0
3,591,413
0
0
0
114
0
0
0
0
0
3,280,896
281
564
290
83
163
158
114
58
56
542,757
337
50
240
30
60
150
40
135
80
106,414
-25
54
32
5
7
13
15
-7
-1
43,553
9,591
332
13,834
376
313
569
0
196
2
32,879,068
1
1
2
1
1
1
1
1
1
10,079
7.1.2 Loans
7.1.3 Deposits
“We’re the only banking industry in the world that must simultaneously manage three currencies, namely the lira, the USD and the EUR,” the banking association head Aydin said.
Turks are not rushing into FX and gold anymore since the banking system is no longer pumping out fresh lira.
However, the idea that the Turks are in fact rushing to sell their FX and gold does not reflect reality—Turkey is not even at the start when it comes to solving its ‘goldollarization’ problem.
The number of people who have a Turkish bank account with a balance of at least Turkish liras (TRY) 1mn (€117,000) increased by 78,000 to reach 280,000 in 2020. Their combined deposits stood at TRY1.8trn, 52% of total deposits in the banking system.
The bank account holders kept TRY813bn in local currency and TRY972bn in FX, while the remaining TRY57bn was parked in precious metals deposit accounts.
27 TURKEY Country Report March 2021 www.intellinews.com