www.hurriyetdailynews.com - The number of potential bank customers in Turkey will exceed those in England, France, Spain, Italy and Germany combined by 2020, according to Ergün Özen, chief executive of Garanti Bank.
Some 26 million adults in Turkey do not use banking services, he said, speaking at a meeting in Istanbul where he revealed the company’s first quarter financial results. “The number of small and medium size enterprises that use banking services will also increase. The banking industry will grow more quickly in provinces other than Istanbul, Ankara and İzmir. The loan penetration level will come close to those in developed countries.”
(source)