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- Title
COMPARATIVE OUTLOOK ON THE PRE AND POST CRISIS PERIODS FOR THE BANKING SECTOR OF TURKISH REPUBLIC OF NORTHERN CYPRUS (TRNC).
- Authors
Şafakli, Okan Veli; Altuner, Tastan
- Abstract
This paper offers a comparative outlook of trends in banking sector development in the Northern Cyprus. Firstly, structural and financial picture of pre crisis period for TRNC will be emphasized. As a result of analysis it can be argued that noteworthy reforms have been made to survive crisis and reduce banking fragility. However, further steps should be taken for the medium and long-terrm competiveness of the sector. With emphasis on the period 2002-2006, using the financial figures and performance ratios of the largest ten banks the findings suggest that the lowering of inflation, in the aftermath of the banking crisis period, increased banks profitability together and the banking sector improvement to allocate resources more effectively and efficiently in the TRNC.
- Subjects
NORTHERN Cyprus; COMPARATIVE studies; EFFECT of inflation on the banking industry; FINANCIAL performance; FINANCIAL crises; PRICE inflation; PROFITABILITY; RESOURCE allocation; ECONOMIC competition
- Publication
Journal of Yaşar University / Yaşar Üniversitesi E-Dergisi, 2009, Vol 4, Issue 16, p2573
- ISSN
1305-970X
- Publication type
Article