Bank Of Greece Sa · ATHEX:TELL
Bank Of Greece Sa — Central Bank of the Republic of Turkey — Investor Presentation (October 2009)
15 slides from Bank Of Greece Sa's investor presentation, October 2009
Slide 1: Central Bank of the Republic of Turkey
CENTRAL BANK OF THE REPUBLIC OF TURKEY Durmuş Yılmaz Governor October 2009 Athens
Slide 2: Global Financial Environment
Global Financial Environment Policy Rates Financial Conditions Index (Jan 2006 – Sep 2009, simple, percent) ( Jan 2005 – Sep 2009) 6 England 103 Tight 5 102 4 US 101 3 ECB 100 US 2 99 1 Euro Area Loose 98 0 97 01/05 05/05 09/05 01/06 05/06 09/06 01/07 05/07 09/07 01/08 05/08 09/08 01/09 05/09 09/09
Slide 3: Financial Market Indicators
Financial Market Indicators TED Spread VIX Index (Jan 2007 – Oct 2009, basis points) (Aug 2008 – Oct 2009) 500 456.49 90 80.86 450 80 400 70 350 60 300 250 50 200 40 150 22.86 30 100 20 50 21.85 0 10 08-08 08-08 09-08 09-08 10-08 11-08 11-08 12-08 01-09 01-09 02-09 03-09 03-09 04-09 05-09 05-09 06-0
Slide 4: Global Financial Crisis
Global Financial Crisis Global GDP Growth 2009 Growth Projections for Selected Countries (2005 Q1 – 2010 Q4, qoq, percent) (percent) Iceland 12 Estonia Singapore 10 Ukraine Russia 8 Germany Japan 6 Emerging and Developing Turkey Economies Italy 4 United Kingdom Mexico 2 Croatia Czech Republic Malays
Slide 5: Banking Sector-I
Banking Sector-I Net FX Position Capital Adequacy Ratio (2000 Q1 – 2009 Q3, billion USD) (July 2007 – July 2009, percent) 2 24 1 20 0 -1 16 -2 Target Ratio: 12% 12 -3 -4 Legal Limit: 8% 8 -5 -6 4 -7 0 2000 Ç1 2001 Ç1 2002 Q1 2003 Q1 2004 Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 07-07 09-07 11-07 0
Slide 6: Banking Sector-II
Banking Sector-II Capital Asset Ratios of Selected Countries (As of Dec 2008, percent) 20 18 16 14 12 10 8 Romania Turkey Russia Poland Greece Republic Hungary Bulgaria Lithuania Latvia Czech Source: BRSA, CBT 6
Slide 7: Households
Households Ratio of FX-Indexed Consumer Loans Ratio of Household Liabilities to GDP to Total Consumer Loans (2005 – 2007, percent) (2003 – Sep 2009 billion USD) 20 70 18 European 60 56 56 16 55 Union 14 50 12 Eastern 40 Europe 10 8.6 30 Turkey 28 8 6.4 23 6 4.8 4.7 17 20 3.8 4.0 4 3.6 12 10 10 8 2 0
Slide 8: Financial Stability in Turkey
Financial Stability in Turkey Exchange Rate Volatility Change in Credit Ratings and Risk (Sep 2008 – Aug 2009, standard deviation of daily Premia of Countries changes in exchange rates) (Sep 2008 –Mar 2009) 450 Russia Colombia Chile 400 Czech Rep. India 350 Hungary CDS changei (bais points) Mexico T
Slide 9: Monetary Policy Stance
Monetary Policy Stance Policy Rate Change in Emerging Market Economies (percent) Jan 2008 – Aug 2008 Aug 2008 – Sep 2009 Romania 2.25 Turkey -9.50 Ukraine 2.00 Chile -7.25 Iceland 1.75 Colombia -6.00 Brasil 1.75 Peru -5.00 Chile 1.50 S.Afirca -5.00 Turkey 1.25 Brasil -4.25 Peru 1.00 Egypt -3.75 Indo
Slide 10: Turkish Lira Liquidity
Turkish Lira Liquidity CB CB hold hold the the lending lending rates rates within within 50 50 bps bps margin margin of of policy policy rate rate in in order order to to provide provide liquidity liquidity while while preventing preventing the the volatility. volatility. On On June June 17, 17, 200
Slide 11: FX Liquidity Measures
FX Liquidity Measures The The Central Central Bank Bank used used the the foreign foreign exchange exchange reserves reserves primarily primarily to to support support our our banking banking system. system. The The Central Central Bank Bank resumed resumed its its activities activities as as an an
Slide 12: Investment and Employment
Investment and Employment Investment Expenditures Unemployment Rates (2006 Q1 – 2009 Q3, percent) (Jan 2006 - Jun 2009, sa, percent) 20 20 16 12 8 17.9 4 16 0 Non-agricultural -4 Unemployment Rate 14.0 -8 12 -12 Weighted Index* -16 Machinery and Equipment -20 Investment -24 8 -28 Unemployment -32 Ra
Slide 13: Bilateral Relations Between Turkey and Greece
Bilateral Relations Between Turkey and Greece
Slide 14: Bilateral Trade Between Greece and Turkey
Bilateral Trade Between Greece and Turkey Trade Volume Between Greece and Turkey (Jan 1996 – Aug 2009, 12-month rolling sum, million US Dollar) 4000 Exports Imports 3500 Exports to Turkey to from Total Turkey Turkey Trade 3000 Imports from Turkey 2500 2000 438 431 869 2000 2007 2,263 950 3,213 1500
Slide 15: Central Bank of the Republic of Turkey
CENTRAL BANK OF THE REPUBLIC OF TURKEY Durmuş Yılmaz Governor October 2009 Athens
Central Bank of the Republic of Turkey — Investor Presentation (October 2009) on 6ix