Garanti Bank (GARAN.IS) expects another tough year for Turkish lenders in 2026, with growth likely to remain constrained as authorities keep most credit restrictions in place to tame inflation, CEO Mahmut Akten told Reuters.
The cautious outlook from Garanti, Turkey’s second largest private bank by assets, suggests little near term relief for a sector hit hard by years of high inflation and a weakening currency.
Turkish lenders’ credit growth has trailed inflation
