Page 70 - World Of Nurol Magazine 28

“Considering the fact that

banking relies on trust, it Can you share your expectations regarding interests in the

is important for the auto following periods? (Deposit interests, loan interests…)

control systems to create an Summer is coming; as it is a period in which the economy
slows down and due to the indications of deceleration in the
environment of trust.” world economy, I expect a 2-point decline in the interests.
It may later increase again. If long-term foreign funds enter
the Turkish market, this may become permanent.

What are your estimates regarding the end-of-the-year
inflation, growth, current deficit and foreign currency?
What risks can the political changes bring?

It is difficult to estimate the economic estimations due to
the reasons I have stated above, as they can change any
time. However, in current conditions, the inflation will be
at 10%; the growth may be between 3% - 3,5 and if we only
take USD as the foreign currency, I expect it to be around
4-4,05. The current deficit continues its increase despite
the increase trend in the export. It may reach 4,2% of the
GNP. It may be roughly 33,6 billion USD. I would like to
stress that these estimates are within today’s conditions.
These numbers may also change based on the changing
conjuncture.

What are your precautions and measures in this regard?

We apply a lower-risk but careful loan policy despite
profitability of the banks continues in a highly increasing everything. We held a strategy meeting by the end of last
way. However, the rate of increase started to decline. It is year as the senior management and board of directors of
not possible know what we will end up facing when the the bank and created the 2017 budget. We created our plans
reimbursement periods of the deferred loans begin. It is in a way that is open for positive surprise developments
possible to point out that some of them will not be able to be but in a quite conservative structure. Of course, unclear
reimbursed and I hope this will not cause a bottleneck in the environments may always pose an advantageous
sector. In this sense, it is possible to state that no problems environment for good bankers as long as we are careful and
will occur until the middle of 2018 as a short-term estimate. conduct a good risk management.

Do you think the regulations of BRSA in investment banking What are the middle- and long-term plans of NurolBank?
are positive? Do you have different expectations in this
regard? Being the best in Turkey and then in the region, which had
been determined before I joined and which I also support. I
Investment banking is in its infancy in Turkey, further think this brief statement explains everything.
development of which requires supporting regulations. There
is always a need for financial institutions that can conduct the Can you provide us with the information regarding the
transactions that do not follow the business model of deposit changes in the financial structure of the bank in the last
banks in a set of rules. 10 years?

In this sense, investment banking is needed in the developing Although it is not possible to compare the developments
economy of Turkey and the ones available need to be over the last three and a half years with the past, it is not
supported. easy to reach around 22% from a period when ROE was

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