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THE 4th TURKISH-ARAB ECONOMIC FORUM GLOBALIZATION TO REGIONAL COOPERATION. WALID R. ALAMEDDINE CHAIRMAN Lebanon’s Banking Control Commission June 11-12, 2009 - Istanbul. TURKISH-ARAB ECONOMIC RELATIONSHIPS Overall Relationships Trade Capital Markets Banks. OVERALL RELATIONSHIPS

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THE 4th TURKISH-ARAB ECONOMIC FORUM GLOBALIZATION TO REGIONAL COOPERATION

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THE 4th TURKISH-ARAB ECONOMIC FORUMGLOBALIZATION TO REGIONAL COOPERATION

WALID R. ALAMEDDINE

CHAIRMAN

Lebanon’s Banking Control Commission

June 11-12, 2009 - Istanbul


TURKISH-ARAB ECONOMIC RELATIONSHIPS

  • Overall Relationships

  • Trade

  • Capital Markets

  • Banks


OVERALL RELATIONSHIPS

(Excluding Trade & Finance)

  • Real Estate Investments

  • Turkish Contractors

  • Tourism

  • Media – “Turkish Series”

  • Central Asian Republics, Turkey as Gateway:

    Azerbaijan, Uzbekistan, Turkmenistan, Kazakhstan, Kyrgyzstan, Tajikistan ($ 1Trillion combined economy by 2015)


G20

GDP2007 $ Trillion

85% of World GDP 48.7/57.3 IMF/PPP


TURKEY’S CAPITAL MARKETS:

(a) Stock Market, & (b) Bonds & Bills Market

More than 60% of “free float market capitalization” on

Istanbul Stock exchange (ISE) is foreign.

Foreign Investor’s capital gains are tax-exempt

Free Repatriation of capital and proceeds

Size is still smaller than banks, as banks have relatively significant interest rates


a) STOCK MARKET

317 companies listed

Market Capitalization: 120 BN

Trading Value: 260 BN

Daily trading value: above $ 1BN

22 companies more than $ 1BN (Market Capital)

Financials: 51% of total

1/3 of net FDI’s (Foreign Direct Investments) came

through the ISE (2006-2008)

FDI’s around $ 15 BN annually (2006 -2008)


(b) BONDS & BILLS MARKET

Active & much larger in traded value than stock

exchange

Trading value: $ 3,019 BN (2008)


TURKEY’S TRADE 2008

Exports:$ 140.8 Billion

Imports:$ 193.9 Billion

Trade Balance: (-) 53.1 Billion


TURKISH-ARAB TRADE

2008 witnessed the fastest Growth of Turkish exports to the

Middle East

The largest increase was with the UAE (also Qatar & Kuwait)

Europe still accounts for more than 50% of Turkish

Exports


Turkey’s Trade: Partners Share of Total

* Exports to UAE show readjustment in 2009 from the very high rate of 2008


Turkey’s Trade: Partners Share of Total

Saudi Arabia took over from Iraq as the main Oil supplier to Turkey following the closure of the pipeline in August 1990


TURKISH – ARAB TRADE

SELECTED FINANCIAL VALUES

$ Millions

* Annualized - as of 03-2009

** Turkey ranks as the 7th exporter to Lebanon


TURKEY’S BANKING SYSTEM

  • Independent Regulator: Banking Regulation &

    Supervision Agency (BRSA) BDDK

    - Total Banks’ Assets $ 481 Bn

    - Banks Assets / GDP: 77%

  • Number of Banks: 50

  • Representative Offices of Foreign Banks: 50


TURKISH BANKS: LARGE “REGIONAL” SIZE

Asset Size


Majority-Owned Arab Banks in Turkey: 5/50 Banks

* Participation (Islamic) Banks


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