Page 41 - TURKRptSep22

May-21
Yapi Kredi (YKBNK)
$962
103%
367-day
$351
Libor+2.50%
€501
Euribor+2.25%
May-21
QNB Finansbank
$335
131%
367-day
$97
Libor+2.50%
€197
Euribor+2.25%
May-21
Eximbank
$785
101%
367-day
$218
Libor+2.75%
€467
Euribor+2.50%
Apr-21
Vakifbank (VAKBN)
$1,100
105%
367-day
$238
Libor+2.50%
€691
Euribor+2.25%
Apr-21
Ziraat Bank
$1,332
125%
367-day
$293
Libor+2.50%
€873
Euribor+2.25%
Apr-21
Akbank
$676
107%
367-day
$345
Libor+2.50%
€279
Euribor+2.25%
6.0 Financial & capital markets 6.1 Bank sector overview
The share of FX-linked deposits placed with Turkish banks stood at 54.5% of deposits as of July 29 while deposits under the state's FX-protected scheme (KKM) accounted for 16.5%.
Overall dollarisation stood at a fresh record high of 71%.
In 2021, indicators on the ongoing economic, political, social and, let’s say, overall turmoil in Turkey have exceeded the historic financial tumult that was seen during the country's economic crisis of 2001, regarded as an extremely dark hour.
In 2022, the situation has even overshadowed the tragedy seen at the end of the 1970s, when a several-years-long great depression in Turkey ended with the 1980 military coup that led to rule by a junta for three years.
The next stop when looking back for negative milestones is the first half of the 1940s at the time of World War II, when bread in Turkey was rationed.
41 TURKEY Country Report September 2022 www.intellinews.com