Turkish banks have obviously not escaped the impact of the economic downturn, but the risks they face these days stem from the struggling private sector rather than from inherent weaknesses. By March, the loan-to-deposit ratio in the sector stood at a sound 81 percent, far below the average for central and eastern Europe. rn"At Akbank, 60 to 70 percent of assets are deposit-based. Syndications only account for 4 percent of our balance sheet," explains Suzan Sabanci Dincer, chairwoman of Akbank, which sold a 20 percent stake to Citibank in 2006.
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