Browsing: Operational Expenses

Sector Reports
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Turkish Banks: A Deceleration in Earnings

We have been closely monitoring the banking sector in Turkey as the industry is usually at the focal point for investors looking at the country. Previously we analyzed the declining earnings in the industry and our finding suggested that the monetary policy framework causing higher…

Sector Reports
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Do Turkish Banks Add Economic Value?

Time and time again I have been directing sharp criticism for the relatively poor financial performance, and more importantly, for the industry‚Äôs lack of focus on low profitability. In September, return on equity, or ROE, for the whole industry, came down to a level that…