Forecast: Number of Depositors at Commercial Banks in Turkiye

The number of depositors at commercial banks in Turkiye has been experiencing significant growth over the past decade. In 2023, the number of depositors stood at 2,130 persons per thousand persons. The actual data from 2013 to 2023 indicate an upward trend, with notable increases each year. From 2022 to 2023, there was a year-on-year variation of 5%. Over the last five years, the compound annual growth rate (CAGR) has been robust at 7.78%.

Looking at the forecast data from 2024 to 2028, growth is expected to continue, albeit at a slower pace. The forecasted 5-year CAGR is 1.93%, with an overall growth rate of 10.03% over this period. Future trends to watch for include macroeconomic conditions, regulatory changes, technological advances in banking, and shifts in consumer behavior, all of which could impact depositor growth rates.