Download LIST OF CHARTS

TÜRKİYE CUMHURİYET MERKEZ BANKASI
LIST OF CHARTS
Chart I.1. Debt Stock and Budget Deficit in Some Countries
1
Chart I.2. CDS in PIIGS Countries
1
Chart I.3. Net Receivables of International Banks from Certain Countries
2
Chart I.4. Liquidity Provided by the ECB to Banks
2
Chart I.5. Debts of PIIGS Banks Maturing in 2011-12
2
Chart I.6. Policy Rates in Advanced Economies
3
Chart I.7. Balance Sheet Aggregates and Inflation Rates of Central Banks of Advanced Economies 3
Chart I.8. Bond Yields in Advanced Economies
3
Chart I.9. Asset Market Indicators
3
Chart I.10. Growth Rates in Advanced Economies
4
Chart I.11. Unemployment Rates in Advanced Economies
4
Chart I.12. Development of Credits in the US Banking Sector
4
Chart I.13. Development of Credits in the Euro Area Banking Sector
4
Chart I.14. Flow of Funds towards Emerging Economies
5
Chart I.15. Capital Flows Towards Emerging Economies by Type and REER
5
Chart I.16. Change in Policy Rates in Emerging Economies
6
Chart I.17. Change in Reserve Requirement Ratios in Emerging Economies and Their Level
6
Chart I.18. Credit Growth in Emerging Economies
6
Chart I.19. Current Account Balance and Official Reserve Changes in Emerging Economies
6
Chart I.20. Output Gap and Annual Credit Growth Rate in Emerging Economies
7
Chart I.21. Inflation Rates in Country Groups
7
Chart II.1. GDP and Its Components
10
Chart II.2. Industrial Production and Capacity Utilization
10
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Chart II.3. GDP and Its Trend
10
Chart II.4. Seasonally Adjusted Capacity Utilization Rate
10
Chart II.5. Seasonally Adjusted Unemployment Rate
11
Chart II.6. Inflation
11
Chart II.7. Foreign Trade Balance
11
Chart II.8. Current Account Balance
11
Chart II.9. Financing Structure of the Current Account Deficit
12
Chart II.10. Development of Credit Growth and Current Account Deficit
13
Chart II.11. Credit Volatility and Average Credit Growth Rate by Countries
13
Chart II.12. Reserve Requirement Ratios
13
Chart II.13. CBRT Interest Rates
14
Chart II.14. Overnight Interest Rates
14
Chart II.15. Weighted Average Maturity of TL Deposits and FX Deposit Accounts
14
Chart II.16. Savings Deposits Yield Curve
14
Chart II.17. Primary Budget Balance
15
Chart II.18. Budget Balance
15
Chart II.19. Central Government Debt Stock
16
Chart II.20. Composition of Domestic Debt Stock
16
Chart II.21. Treasury Discounted Auction Interest Rate
16
Chart II.22. Eurobond Interest Rates
16
Chart II.23. Financial Debt of Corporate Sector
17
Chart II.24. Composition of Financial Debt
17
Chart II.25. Non-Bank Sector Net FX Borrowing
18
Chart II.26. Non-Bank Sector External Debt Rollover Ratio
18
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Chart II.27. Sales and Profitability of Firms by March 2011
18
Chart II.28. Foreign Exchange Position of the Corporate Sector
19
Chart II.29. FX Assets to FX Liabilities of the Corporate Sector
19
Chart II.30. Household Liabilities
19
Chart II.31. Decomposition of Household Liabilities
20
Chart II.32. Credit Card Balances of Deposit Banks and Balances that Incur Interest Charge
20
Chart II.33 Expenditures by Bank and Credit Cards and Consumption of Resident Households
21
Chart II.34. FX-Indexed Consumer Loans and FX-Indexed Housing Loans
21
Chart II.35. Household Financial Assets and Liabilities
21
Chart II.36. Ratio of Household TL Investment Instruments to FX Investment Instruments
22
Chart III.1. Balance Sheet Size of the Financial Sector
25
Chart III.2. Development of the Banking Sector
25
Chart III.3. Loans and Deposit Growth / GDP
26
Chart III.4. Capital Inflow and Loans
26
Chart III.5. Credit Developments
27
Chart III.6. Credit Standards and Credit Demand in the Euro Area
27
Chart III.7. Credit Developments
27
Chart III.8. Real Increase in Credits by Type and Their Contribution to Growth
27
Chart III.9. Credit Developments in the First Quarter
28
Chart III.10. Bank Loans’ Tendency Survey
29
Chart III.11. Interest Rates on Consumer Loans
29
Chart III.12. Interest Rates on Deposits and Corporate Loans
29
Chart III.13. Distribution of Total Loans
30
Chart III.14. Distribution of Consumer Loans
30
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Chart III.15. Currency and Maturity Composition of Loans
31
Chart III.16. FX Loans
31
Chart III.17. Loans and Securities
31
Chart III.18. Funds Obtained from Deposits, Repo Transactions and Due to Banks
31
Chart III.19. Loan / Deposit and Foreign Liabilities
32
Chart III.20. Deposit and Foreign Liabilities
32
Chart III.21. Composition of Foreign Liabilities
32
Chart III.22. Distribution of Foreign Liabilities and Average Maturities
32
Chart III.23 Fund Liquidity and Market Liquidity Index
33
Chart III.24 Non-core Funding Resources
33
Chart III.25. Liquid Assets
34
Chart III.26. Total Liquidity Adequacy Ratio
34
Chart III.27 Results of the Stress Test
34
Chart III.28. Foreign Currency Liquidity Adequacy Ratio
35
Chart III.29. Foreign Currency Position
35
Chart III.30 Non-Performing Loans
37
Chart III.31 Ratio of NPLs and Net NPL / Own Funds of Selected Countries
37
Chart III.32 Return on Equity and Risk-Free Interest Rate
38
Chart III.33 Return on Assets and Net Interest Margin
38
Chart III.34. Return on Equity and Return on Assets of Selected Countries
38
Chart III.35 Capital Adequacy Ratio
39
Chart III.36 Ratio of Own Funds to Total Assets
39
Chart III.37 Capital Adequacy Ratios for Selected Countries
39
Chart III.38 Ratio of Own Funds to Total Assets for Selected Countries
39
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Chart III.39. Composition of Total Risk Exposure
40
Chart III.40. Developments in Free Capital
40
Chart III.41 Results of Scenario Analysis
40
Chart III.42. Financial Strength Index
41
Chart III.43. Banking Sector Stability Map
41
Chart IV.1. Number and Amount of the Annual Transactions in the TIC-RTGS System
44
Chart IV.2. Number and Amount of the Annual DvP Transactions in the TIC-ESTS System
44
Chart IV.3. Concentration of Payments by Hours and Value of Transactions in the TIC-RTGS
System
44
Chart IV.4. Concentration Ratio in the TIC-RTGS System
46
Chart IV.5. Accessibility Ratio within the TIC-RTGS-ESTS System
46
Chart IV.6. Volume and Value of Cheques Transacted in ICH
48
Chart IV. 7. Settlement Hours of the Cheque Clearance System – 2010
50
Chart IV.8. Number of Debit Cards and Credit Cards
50
Chart IV.9. Number of ATM-POS
50
Chart IV.10. Volume and Value of Credit Card Transactions
51
Chart IV.11. Volume and Value of Debit Card Transactions
51
Chart IV.12. Volume and Value of Credit Cards Processed in the Card Clearing System
51
Chart IV.13. Volume and Value of Debit Cards Processed in the Card Clearing System
51
Chart IV.14. Ratio of Value of Credit Card Transactions Subject to Clearing Process to Total
Value of Credit Card Transactions
52
Chart IV.15. ISE Stock Markets Transaction Value
53
Chart IV.16. ISE Bonds and Bill Markets Transaction Value
53
Chart V.1.1. Real Credit Growth Rate of Some Advanced Economies
55
Chart V.1.2. Real Credit Growth Rate of Some Emerging Economies
55
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Chart V.1.3. Loan/GDP Ratio of Some Advanced Economies
56
Chart V.1.4. Loan/GDP Ratio of Some Emerging Economies
56
Chart V.1.5. Variance of Real Credit Growth Rate of Some Advanced Economies
56
Chart V.1.6. Variance of Real Credit Growth Rate of Some Emerging Economies
56
Chart V.2.1. Scenario Outputs for the Banking Sector - CAR, NPL Ratio and Loan Growth
60
Chart V.3.1. Non-core Funding Resources
62
Chart V.3.2. Non-core Funding Resources
62
Chart V.5.1. The Number and Amount of Sukuk Issued
68
Chart V.5.2. Currency Unit of the Sukuk Issued
68
Chart V.5.3. Growth of Assets, Loans and Deposits of Participation Banks
69
Chart V.5.4. Growth in the Number of Branches and Staff of Participation Banks
69
Chart V.6.1. Breakdown of Turkish lira Deposits/Participation Accounts by Maturities
71
Chart V.6.2. Breakdown of FX Deposits/Participation Accounts by Maturities
71
Chart V.6.3. Weighted Average Maturity of Turkish lira Deposits/Participation Accounts
72
Chart V.6.4. Weighted Average Maturity of FX Deposits/Participation Accounts
72
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LIST OF TABLES
Table I.1. PIIGS Countries Receiving Fiscal Stimulus
2
Table II.1. Return on Equity and Its Components
18
Table II.2. Ratio of Household Disposable Income, Liabilities and Interest Payments
19
Table II.3. Number of Credit Card and Consumer Loan Defaulters
21
Table II.4. Composition of Household Financial Assets
22
Table III.1. Assumptions
34
Table III.2. NPL Ratio
37
Table III.3. Scenarios Applied
40
Table IV.1. Real Time Gross Settlement System (RTGS) Country Comparison
45
Table IV.2. Number and Value of Transactions and Daily Averages within the TIC-RTGS System
46
Table IV.3. Distribution of the Number of Cheques Subject to Clearing According to Tranches
49
Table IV.4. Cheque Clearance System-Netting Ratio
49
Table IV.5. Card Clearance and Settlement System / Netting Ratio
52
Table IV.6. Netting Ratio regarding the Clearance of the Securities Traded at the ISE
54
Table IV.7. Information on the accounts of the Members of TURKDEX at Takasbank
54
Table V.2.1. Variables Used in Satellite Models
58
Table V.3.1. Classification of Core and Non-Core Balance Sheet Liabilities
61
Table V.7.1. Developments Regarding Bill and Bond Issues of Deposit Banks
74
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LIST OF BOXES
Box III.1. Liquidity Measures taken by the Central Bank of Turkey
35
Box IV.1. Developments in IBAN Application
47
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ABBREVIATIONS
ACMIIT :
The Association of Capital Market Intermediary Institutions of Turkey
AIRCT :
The Association of the Insurance and Reinsurance Companies of Turkey
ASF
:
Available Stable Fund
ATM
:
Automated Teller Machines
BB
:
Bundesbank
BDF
:
Banque de France
BE
:
Belgium
BIS
:
Bank for International Settlements
BoE
:
Bank of England
BoJ
:
Bank of Japan
BRSA
:
Banking Regulation and Supervision Agency
CAR
:
Capital Adequacy Ratio
CBRT
:
Central Bank of the Republic of Turkey
CCPs
:
Central Counterparties
CCS
:
Cross Currency Swap
CDS
:
Credit Default Swap
CEBS
:
Committee of European Banking Supervisors
CEIOPS :
Committee of European Insurance and Occupational Pensions Supervisors
CMB
:
Capital Markets Board
CPI
:
Consumer Price Index
CPSS
:
Committee for Payment and Settlement Systems
CRA
:
Central Registry Agency
DvP
:
Delivery versus Payment
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EA
:
Euro Area
EAD
:
Exposure at Default
EBA
:
European Banking Authority
ECB
:
European Central Bank
EFSF
:
European Stability Fund
EFSM
:
European Financial Stability Mechanism
EFT
:
Electronic Fund Transfer System
EIOPA :
European Insurance and Occupational Pensions Authority
EL
:
Expected Loan Loss
ESAs
:
European Supervisory Authority
ESFS
:
European System of Financial Supervisors
ESMA
:
European Securities and Markets Authority
ESRB
:
European Systemic Risk Board
ESTS
:
Electronic Securities Transfer and Settlement System
EU
:
European Union
FCA
:
Financial Conduct Authority
FDIC
:
Federal Deposit Insurance Corporation
Fed
:
Federal Reserve System
FMI
:
Financial Market Infrastructures
FPC
:
Financial Policy Committee
FSA
:
Financial Services Authority
FSAP
:
Financial Sector Assessment Program
FSB
:
Financial Stability Board
FSMA
:
Financial Services and Markets Authority
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FSOC
:
Financial Stability Oversight Committee
FSI
:
Financial Strength Index
FSSF
:
Financial System Stability Forum
FX
:
Foreign Exchange
GDDS
:
Government Domestic Debt Securities
GDP
:
Gross Domestic Product
GS
:
Goldman Sachs
IBAN
:
International Bank Account Number
ICC
:
Interbank Card Center
ICH
:
Interbank Clearing Houses Center
IFIS
:
Islamic Finance Information Service
IFS
:
IMF International Financial Statistics
IIF
:
International Finance Institute
IILM
:
International Islamic Liquidity Management Corporation
IOSCO :
International Organization of Securities Commissions
IMF
:
International Monetary Fund
ISE
:
Istanbul Stock Exchange
LCR
:
Liquidity Coverage Ratio
LGD
:
Loss Given Default
M2
:
Money Supply (2)
MENA
:
Middle East and North Africa
NL
:
Netherlands
NPL
:
Non-performing Loans
NSFR
:
Net Stable Funding Ratio
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OCC
:
Office of the Comptroller of the Currency
OTC
:
Over the Counter (Markets)
PD
:
Probability of Default
PDP
:
Public Disclosure Platform
PIIGS
:
Portugal, Ireland, Italy, Greece and Spain
POS
:
Point of Sale Devices
PRA
:
Prudential Regulation Authority
RIB
:
Revenue-indexed Bonds
RR
:
Reserve Requirements
RTGS
:
Real Time Gross Settlement
RWA
:
Risk Weighted Assets
SDIF
:
Savings Deposit Insurance Fund
SIC
:
Swiss Interbank Clearing
SME
:
Small and Medium Size Enterprise
SPO
:
State Planning Organization
TETS
:
ISE Settlement and Custody Bank Electronic Transfer System
TIC
:
Turkish Interbank Clearing
TKBB
:
The Participation Banks Association of Turkey
TL
:
Turkish Lira
TOKI
:
Housing Development Administration of Turkey
Turkdex:
Turkish Derivatives Exchange
TurkStat:
Turkish Statistical Institute
UK
:
United Kingdom
USA
:
United States of America
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USD
:
United States Dollars
VIX
:
Chicago Board Options Exchange Market Volatility Index
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