Turkey: Financial Services Statistics and Financial Services Confidence Index - July 2022

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1. FINANCIAL SERVICES STATISTICS AND FINANCIAL SERVICES CONFIDENCE INDEX DATA GOVERNANCE AND STATISTICS DEPARTMENT SURVEYS AND INDICES DIVISION JULY 2022
2. Financial Services Statistics and Financial Services Confidence Index | July 2022 1 Financial Services Statistics and Financial Services Confidence Index (FSCI) Graph 1: Financial Services Confidence Index (FSCI) 200 190 180 170 160 150 171.8 140 130 120 110 07.22 01.22 07.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 01.17 07.16 01.16 07.15 01.15 07.14 01.14 07.13 01.13 100 FSCI=100: A stable outlook in the financial services sector FSCI>100: An optimistic outlook in the financial services sector FSCI<100: A pessimistic outlook in the financial services sector 07.22 01.22 01.21 07.21 07.20 01.20 07.19 -10 01.19 0 -10 07.18 10 0 01.18 20 10 07.17 30 20 01.17 40 30 07.16 50 40 01.16 60 50 07.15 70 60 01.15 80 70 07.14 90 80 01.14 100 90 07.13 100 01.13 07.22 01.22 Graph 3: Demand For Services (Turnover) for the Last Three Months (Balance) 07.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 01.17 07.16 01.16 07.15 01.15 07.14 01.14 07.13 01.13 Graph 2: Business Situation for the Last Three Months (Balance) Balance: Difference between percentage of “positive” (increased, will increase, improved, will improve) responses and percentage of “negative” (decreased, will decrease, deteriorated, will deteriorate) responses.
3. Financial Services Statistics and Financial Services Confidence Index | July 2022 2 Graph 4: Demand For Services (Turnover) Expectations for the Next Three Months (Balance) 100 90 80 70 60 50 40 30 20 10 07.22 01.22 07.21 01.21 07.20 01.20 07.19 01.19 07.18 Graph 6: Employment Expectations for the Next Three Months (Balance) Graph 7: Profitability for the Last Three Months (Balance) 07.22 01.22 07.21 01.21 07.20 01.20 07.19 -20 01.19 -10 -20 07.18 0 -10 01.18 10 0 07.17 20 10 01.17 30 20 07.16 40 30 01.16 50 40 07.15 60 50 01.15 70 60 07.14 80 70 01.14 90 80 07.13 100 90 01.13 100 07.22 01.22 07.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 01.17 07.16 01.16 07.15 01.15 07.14 07.13 01.14 01.13 Graph 5: Employment for the Last Three Months (Balance) 01.18 07.17 01.17 07.16 01.16 07.15 01.15 07.14 01.14 07.13 01.13 0 Graph 8: Profitability Expectations for the Next Three Months (Balance) 100 90 80 70 60 50 40 30 20 10 0 -10 -20 -30 07.22 01.22 07.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 01.17 07.16 01.16 07.15 01.15 07.14 01.14 07.13 01.13 07.22 01.22 07.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 01.17 07.16 01.16 07.15 01.15 07.14 01.14 07.13 01.13 100 90 80 70 60 50 40 30 20 10 0 -10 -20 -30
4. Financial Services Statistics and Financial Services Confidence Index | July 2022 Graph 10. Competitive Position Expectations For the Next Three Months (Balance) Graph 9. Competitive Position For the Last Three Months (Balance) Competitive Position on Domestic Market for the Last Three Months Competitive Position on Domestic Market for the Next Three Months Competitive Position on Foreign Markets Inside the EU for the Last Three Months Competitive Position on Foreign Markets Inside the EU for the Next Three Months Competitive Position on Foreign Markets Outside the EU for the Next Three Months Competitive Position on Foreign Markets Outside the EU for the Last Three Months 07.22 01.22 07.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 -10 01.17 0 -10 07.16 10 0 01.16 20 10 07.15 30 20 01.15 40 30 07.14 50 40 01.14 60 50 07.13 70 60 01.13 80 70 01.13 07.13 01.14 07.14 01.15 07.15 01.16 07.16 01.17 07.17 01.18 07.18 01.19 07.19 01.20 07.20 01.21 07.21 01.22 07.22 80 Table 1. FSS Developments in Aggregated Results (*) Periodicity Business Situation Monthly Demand For Services (Turnover) Monthly Employment Monthly Operating Income Quarterly Operating Expenses Quarterly Profitability Quarterly Capital Expenditure Quarterly Competitive Position on the Domestic Market Quarterly Competitive Position on Foreign Markets Inside the EU Competitive Position on Foreign Markets Outside the EU Last Three Next Three Months Months Quarterly Quarterly (*) Short arrows indicate monthly/periodical changes, while long arrows indicate annual changes. Except operating expenses, dark blue coloured arrows represent increases and red coloured arrows represent decreases. 3
5. Financial Services Statistics and Financial Services Confidence Index | July 2022 4 Graph 11: Confidence Indices by Sub-Sectors in the Financial and Insurance Activities 64-Financial Service Activities, Except Insurance and Pension Funding (*) 65-Insurance, Reinsurance and Pension Funding, Except Compulsory Social Security (**) 66-Activities Auxiliary to Financial Services and Insurance Activities (***) 200 175 150 125 100 07.22 01.22 07.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 01.17 07.16 01.16 07.15 01.15 07.14 01.14 07.13 01.13 75 (*) Banks, leasing, factoring ve financing companies are covered. (**) Insurance and pension funding companies are covered. (***) Brokerage firms are covered. Financial Services Statistics and Financial Services Confidence Index has been carried out as part of the "Joint Harmonized European Union Programme of Business and Consumer Surveys" and published as part of the "Official Statistics Programme (OSP)" based on the Statistics Law of Turkey. Financial Services Confidence Index is based on the responses given to the Financial Services Survey of the CBRT conducted with the institutions operating in the financial sector . Aggregated results and methodological information are available at the web site http://www.tcmb.gov.tr under the menu Statistics/Tendency Surveys/Financial Services Survey and Financial Services Confidence Index. In addition, time series data can be reached at “Statistics/Statistical Data (EDDS)/Surveys”. The survey results are compiled from the responses of the participants and do not reflect the views or predictions of the Central Bank of the Republic of Turkey.
6. Financial Services Statistics and Financial Services Confidence Index | July 2022 5 Financial Services Survey Aggregated Results (Balance Values) JANUARY FEBRUARY MARCH APRIL How has your business situation developed over the past 3 months? How has demand (turnover) for your company’s services changed over the past 3 months? How do you expect the demand (turnover) for your company’s services to change over the next 3 months? How has your firm’s total employment changed over the past 3 months? How do you expect your firm’s total employment to change over the next 3 months? How has your operating income developed over the last 3 months? MAY JUNE JULY 2021 33.8 6.3 33.2 69.1 56.4 49.6 56.3 2022 80.5 72.4 57.7 88.8 87.5 79.2 90.3 2021 38.6 12.1 17.5 57.9 67.0 70.6 70.1 2022 81.4 87.2 79.5 90.3 82.2 88.2 90.4 2021 42.3 37.1 53.9 46.0 63.3 64.4 66.3 2022 53.3 60.6 58.6 57.1 49.0 36.5 34.8 2021 -5.4 4.0 4.8 20.2 16.4 7.4 3.4 2022 1.2 -4.9 -16.0 -4.1 20.0 37.3 24.7 2021 12.7 29.4 6.4 12.9 20.7 17.5 17.2 2022 8.8 8.9 8.5 23.6 20.7 29.6 18.8 2021 25.8 36.7 51.6 2022 93.7 85.7 92.4 How do you expect your operating 2021 income to develop over the next 3 2022 months? 19.8 34.8 47.7 39.2 49.5 47.3 How have your operating expenses developed over the last 3 months? 2021 33.0 46.6 27.2 2022 61.7 31.9 49.3 How do you expect your operating 2021 expenses to develop over the next 2022 3 months? 46.6 52.1 39.8 49.9 63.3 63.4 How has the profitability of your company developed over the last 3 months? 2021 23.9 51.7 62.5 2022 83.6 84.8 93.1 How do you expect the profitability of your company to develop over the next 3 months? 2021 31.0 30.5 46.6 2022 39.9 33.9 42.3 How has your capital expenditure 2021 developed over the last 3 months? 2022 56.6 32.5 42.3 26.3 48.1 43.6 How do you expect your capital expenditure to develop over the next 3 months? 2021 27.9 43.7 30.7 2022 32.0 44.3 45.2 How has your competitive position on the domestic market developed over the past 3 months? 2021 31.3 31.8 31.8 2022 30.9 32.0 20.8 2021 14.6 6.1 17.3 2022 12.4 12.4 10.9 2021 14.5 6.1 20.0 2022 18.4 19.2 10.8 2021 30.6 32.2 32.1 2022 30.6 31.4 21.1 2021 14.9 16.3 18.3 2022 12.5 15.7 11.4 2021 14.8 16.2 18.0 2022 12.4 15.6 11.0 How has your competitive position on foreign markets inside the EU developed over the past 3 months? How has your competitive position on foreign markets outside the EU developed over the past 3 months? How do you expect the competitive position on the domestic market to develop over the next 3 months? How do you expect the competitive position on foreign markets inside the EU to develop over the next 3 months? How do you expect the competitive position on foreign markets outside the EU to develop over the next 3 months? AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER 47.3 65.5 69.6 70.1 68.9 79.8 70.9 85.1 78.2 87.0 77.8 78.7 77.7 74.9 59.7 1.7 4.8 9.8 14.8 9.5 18.4 17.3 8.2 7.3 6.3 89.5 47.2 16.8 29.1 72.8 34.0 21.1 43.8 34.5 16.4 23.2 34.2 17.7 16.6