Analyzing the data for commercial bank branches in Türkiye from 2013 to 2023, we observe a consistent decline. In 2013, the value stood at 19.63 establishments per hundred thousand adults, decreasing annually to 14.37 in 2023. Notably, the year-on-year variation peaked in 2013 with a 5.54% growth but shifted to negative growth from 2014 onwards, reaching a -1.91% decrease in 2023. The CAGR over the last five years indicates an average annual decline of 3.09%.
From 2024 to 2028, the forecasted data suggests a continued but slower decline in the number of branches, with an estimated 13.58 establishments per hundred thousand adults by 2028. The forecasted CAGR over this five-year period is -0.79%, indicating a moderate deceleration in the rate of decline.
Future trends to watch for:
- Digital banking adoption increasing, potentially further reducing the need for physical branches.
- Continued economic fluctuations impacting the banking industry's branch strategies.
- Regulatory changes and financial reforms affecting branch expansion or closures.
- Potential mergers and acquisitions within the banking sector, influencing branch networks.
