IslamicFinance.de

Turkey is one of the largest upper middle-income countries with a vast potential to expand financial inclusion. A closer look at the data reveals that the progress regarding account ownership among women has been paralleled by an equally steep (and frankly, perplexing) decrease of account ownership among men (from 82% to 69%). Similarly, while borrowing from a financial institution has more than quadrupled and is more than six times higher for women than it was in 2011 (albeit starting from an extremely low level of 2.4%). What can be said with some confidence, however, is that there is room for improvement, as the overall account ownership remained unchanged.