Turkish Banking to Grow despite RecessionBy: Shushmul Maheshwari
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Turkish Banking to Grow despite Recession
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A recent research report “Turkey Banking Sector Forecast to 2012” by RNCOS revealed that the Turkish banking industry will continue on its growth trajectory despite the global economic turmoil in 2008. Turkey has one of the most dynamic banking industries in the Middle East region. The industry is evolving at a rapid pace as compared to other emerging banking industries across the globe. The banks are in expansion phase and there exist a healthy competition among the state-owned, private and foreign banks.
With changing time, banks are also shifting their focus from government borrowing and lending operations to retail banking. The growth in retail banking has witnessed steep increase with high credit disbursal level attained by banks in past. The retail banking has been the major fuel for the bottom line growth of the industry. It is anticipated that retail banking will account for majority of the industry assets and will be responsible for rising profit in future.
Rising foreign investments in the industry will be another parameter responsible for the expansion of industry in future. It is estimated that the share of foreign participation will rise to more than 20% by 2010 from 17% of total assets of the industry as on March 2008.
Overall, in the long run, the banking sector in Turkey seems to be more profitable and stable as compared to other countries. The central bank intervention and the government precautionary measure will definitely help the banks to come out of the 2008 financial crisis successfully.
“Turkey Banking Sector Forecast to 2012” is an extensive research which provides a detailed overview on the banking industry of Turkey. This report underlines the factors responsible for the growth of the industry, the opportunities lying ahead and the challenges to be faced by the industry in coming years. It provides the segment-wise analysis, forecast, latest market trends, and the emerging areas for future.
The extent of the information covered in this research report will help the clients in understanding the market dynamics and the corresponding factors responsible for transforming the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM177.htm
Check DISCOUNTED REPORTS on http://www.rncos.comhttp://www.rncos.com/ |
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| Keywords |
Turkey Banking Sector Forecast to 2012, Turkey Banking Sector, Forecast for Turkey Banking, Market Research on Turkey Banking Industry, Banking Industry Assets, Key Players of Turkey Banking Industry |
| Category |
Business |
| Submission Date |
Jun 20, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
| 1. |
Deprecating Lira Improves Tourists Inflow to Turkey
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RNCOS has released a new research report, “Turkey Tourism Industry Forecast to 2012”, which says various ad campaigns and depreciation in the Turkish lira against Euro and Dollar are driving the tourism industry in Turkey. Even in an environment of global financial crisis, when the tourism industry all around the world have shown downtrend, the number of international tourist arrivals to Turkey rose 0.27% year-on-year to 898,927 in February 2009.
This significant growth in the number of tourist arrivals is due to a series of successful ad campaigns by the tourism authorities. Recently, Turkey has launched an ad campaign “The Unlimited Turkey” to target travelers from the US, Canada and Mexico. The ad campaign is depicting Turkey’s heritage, culture, landscapes and other tourist spots to attract travelers. It is using all mediums of communication, including television, print and prominent outdoor locations.
Besides, the deprecation in Turkish lira against Euro and Dollar has made holidays in Turkey more affordable compared to holidays in Spain, Italy and France. The Turkish lira has recently dropped by more than 20% in value, making Turkey one of the world's most affordable places for European tourists.
“Turkey Tourism Industry Forecast to 2012”, provides in-depth analysis of present status and future prospects of tourism industry in Turkey. It thoroughly studies the industry with focus on various parameters like inbound & outbound tourism, expenditure by inbound & outbound tourists, type of tourism, accommodation facilities and aviation industry. The report also provides strategic insight to clients to evaluate the opportunities for their success in the Turkish tourism industry.
The research also includes forecast on vital aspects of the industry such as tourist arrivals in Middle East, tourist arrivals in Turkey, tourism receipts, outbound tourism, outbound tourism expenditure, consumer expenditure in hotels & restaurants, number of hotels by 2010, population breakup and personal disposable income.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM009.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
India Insurance - Govt. Proposed to Lift FDI Cap to 49%
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The Indian government has proposed to increase FDI in the insurance sector to 49%. Currently, only up to 26% FDI is allowed in the Indian insurance sector under the automatic route subject to obtaining a license from Insurance Regulatory Development Authority (IRDA). According to “Booming Insurance Market in India (2008-2011)”, a recent report from RNCOS, the Indian insurance market, particularly life insurance sector, will get a strong boost from the proposed FDI hike. Increasing limit to 49% is expected to raise the FDI in life insurance sector by around 2.5 times from the present level of approx Rs 2,500 Crore.
The senior insurance industry analyst at RNCOS opined, “The proposed increase in FDI will attract more foreign inflow into the Indian economy and strengthen the country’s insurance industry. This increase (in FDI) will bring more capital and help the sector in maintaining the growth momentum. The insurance sector has been in strong need of the capital investment, in fact, the requirement has increased dramatically due to recent losses on unit-linked products with weak stock market. Also, being a capital intensive sector, the insurance sector requires huge investments over a prolonged period of time, and therefore, there is constant need for capital infusion that can be met through FDI.”
Increasing FDI limit will also encourage the insurance sector to come up with more innovative distribution channels, enrich the current product portfolio, upgrade technology, and bring best global practices into the country. Beside this, raising FDI cap would also help insurers to expand their coverage to rural and micro-insurance segments as penetration in rural and remote areas require additional capital infusion.
“Booming Insurance Market in India (2008-2011)” provides an exhaustive research and rational analysis on the Indian insurance market. This study provides an overview on the factors driving the insurance industry, coupled with the forces which are blocking the growth. The report, based on extensive quantitative and qualitative analysis, gives forecast on vital industry parameters, like cars & commercial vehicle registrations, outbound tourists, medical equipment market, lending by financial institutions, IT spending, non-life insurance market, and health insurance premium.
This comprehensive study will help the clients to assess current market trends and identify the market dynamics and opportunities critical to their success in the country.
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| 3. |
Blackberry phone
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Item Specifics - Cell Phones & Smartphones
Carrier: Sprint Nextel Technology: CDMA
Contract: Without Contract Camera: 1-2 Megapixels
Brand: BlackBerry Features: Bluetooth Enabled, Calendar, Color Screen, Email Access, Internet Browser, MMS Enabled, PDA-PC Sync, SMS-Text Messaging, Speakerphone, USB Interface
Model: 8330 CURVE Condition: New, Never Opened
Type: Smartphone (PDA Phone)
SquareTrade © AP6.0
NEW BLACKBERRY CURVE 8330 RED SPRINT CELL PHONE CLEAN ESN 2.0 MP camera, full QWERTY Keyboard, 1GB MicroSD card
Included Accessories:
Standard Li-Ion 1150 mAh
Standard Battery Door
AC Travel Charger
Wired Stereo Headset
1GB MicroSD Card
USB Data Cable
Highlights
Sprint Speed - CDMA/EVDO data speeds
Sprint Software Store with Sprint TV, Sprint Music Store, Sprint Pocket Express, 1 GB microSD Card
Key Features
NASCAR Sprint Cup MobileSM
Sprint Music StoreSM
Sprint TV® enabled
GPS enabled
Slim and fashionable
Web, email capable
Built-in camera
Speakerphone
Bluetooth
External display
Memory card slot
Voice dialing
Broadband speeds where available
2.0 MP camera
5x zoom, enhanced flash, and resolution up to 1600x1200 for Pictures and Videos
Full QWERTY Keyboard and Trackball Navigation
Faster and Easier typing and navigation.
Micro SD Card slot
1GB MicroSD card included give you the room you need for larger work files, presentations, reports, documents or fun files like photos and music.
Media Player
Download and play music, videos, audio files, pictures and ring tones.
BlackBerry push technology for email and messaging
Get all of your email in one place wirelessly. Receive emails from your corporate and personal email accounts.
Organizer
Think fast with an all-encompassing organizer - calendar, contacts, tasks, memos and more right at your fingertips.
Browser
Access the web where and when you need it.
3.5mm Jack
Stereo headset with microphone and mute switch included
GPS
Assisted, autonomous, simultaneous. Supports Sprint Navigation, BlackBerry Maps & other GPS applications.
BlackBerry Maps
View maps and driving directions. Email maps to other BlackBerry users and launch maps from your address book.
NFL Mobile Live access
Listen to live audio broadcasts of every regular season game and watch the live broadcasts of all NFL Network games. Get real-time red zone alerts, scores, stats, live NFL Network 24/7 and more. Manage your fantasy football team like a pro with up-to-the-minute insights, analysis, stats and alerts. How to Access: Text "NFL" to 7777* on your Sprint phone to download a full version of the application or download NFL Mobile Live from Sprint Digital LoungeSM. *Standard text messaging and data rates apply.
Full Messaging Capabilites
Instant Messaging and SMS Text Messaging.
Voice Notes
Make a voice note and send as an email .wmv file attachment.
Voice Command and Voice Activated Dialing
The Built-in speaker independent voice command lets you use your voice to look up contacts, place phone calls and get key information from your device.
Speakerphone
Easy hands free operation.
Mobile Broadband Capable
EVDO Sprint speed for the fastest BlackBerry® Curve™ 8330 smartphone available today.
Bluetooth 2.0 Technology
Fast and secure transmission without cables or wires
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| 4. |
Chinese Freshwater Pearls losing luster by overproduction
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(Guangzhou City, China, Oct. 5) International Pearl Exposition and Auction has recently been held in Guangzhou, China. Merchants and bidders, both at home and abroad, were deeply impressed by the rare and valuable pearls from all over the world. However, it’s hard to find the well-known domestic Zhejiang Pearls among the glittering jewels.
With the fame as the "No. 1 global bidding", International Pearl Exposition and Auction is held two or three times every year. This year, we had the honor to hold the exposition and auction in Guangzhou. It should have been a very good opportunity for the local sellers to display their pearls without traveling abroad. Nevertheless, some 40 local buyers came just to bid with those of the same trade.
"Most of the displayed pearls are from oversea producer." Said Mark Wu from Topearl Jewelry Inc., "China leads the world in production of saltwater akoya pearls, freshwater pearls also account for 90 percent of the world’s output. But we had very few qualified entries." This is nothing new but a reflection of the current situation of the international pearl market. Since medium and low grade pearls are in the majority in China, we only hold 10 percent of trading volume in the world’s pearl market. Each year, China mainly exported low-valued un-finished pearl beads and strands, not high added-value pearl jewelry such as pearl necklace, bracelet and pearl earrings etc. The absence of Zhejiang Pearls simply reflected our embarrassment among the general Chinese pearl industry.
How to upgrade Chinese Pearls including Zhejiang Pearls becomes our main concern. China has good weather and temperature for the pearl cultivation. Based on these good natural conditions, our pearls have good quality themselves. Therefore, low added value is the root of the problem. Compared with the international technology, we still have a long way to go in pearl processing and treatment, such as bleaching, polishing and design.
Although we fall a little behind, we see a very good chance to increase the value of our pearls. Union of Asian Jewelry has already been founded in Guangzhou. And from now on, the International Pearl Exposition and Auction will be held in Guangzhou every year. Jiangsu and Zhejiang, China’s bases of freshwater pearls and pearl jewelry, will have own platform for pearl exhibits.
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| 5. |
RNCOS Releases a New Report- Global Portable Electronics Market
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RNCOS has recently added a new Market Research Report titled, “Global Portable Electronics Market” to its report gallery. The continuous development and digital technologies are revolutionizing the global portable electronics industry worldwide. And with declining price points, better features and growing consumer awareness, more consumers spending on portable electronic products. As a result, the global portable industry recorded a phenomenal year in 2007, as almost all the components of the industry reported growth. Mp3 players, portable game consoles and notebooks remained the fastest growing segment of portable electronic industry.
However, in near future, this segment (Mp3 players, portable game consoles and notebooks) is not expected to grow at same pace, says “Global Portable Electronics Market”, a new market research report by RNCOS.
The report gives a forecast on the various components of the industry to help clients evaluate their growth prospects. The forecast in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the industry is likely to move.
Key Findings
- Global mobile phone shipments grew by 12.3% YOY in 2007 in volume terms. In future, this market will be largely driven by replacement market and strong demand from Asia.
- The global notebook market surged tremendously by 23% YOY in 2007.
- In developed countries such as the US, it is expected that the sales of notebooks will exceed that of desktops for the first time in 2008.
- In general, falling price points, along with enhanced features, stronger consumer awareness and increasing customization, remains the major driving force for the global portable electronics industry.
- Portable in-car navigation system remains highly under-penetrated, providing opportunities to players in portable navigation market.
Key Issues & Facts Analyzed
- What is the current market size of various components of the portable electronics industry?
- What are the factors thrusting growth in the global portable electronic industry?
- What are the potential opportunities and challenges for the industry?
- Where will the global portable electronic industry component heading in future?
Key Players Analyzed
This section details on the business overview and key facts on players like Nokia Corporation, Samsung, Sony Corporation, Apple Computer, Hewlett-Packard Company, Toshiba Corporation, Research In Motion Limited, Eastman Kodak Company, TomTom N.V., etc.
Research Methodology Used
Information Sources
Information given in the report has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analytical methods used in the report are ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.
MORE THAN 50% OFF ON THIS REPORT TILL March 31, 2009
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM111.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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