Based on a comparison of 22 banks in Turkey in 2016, Intesa Sanpaolo Turkey was the most cost efficient bank, followed by Citibank Turkey and Ziraat Bank.
Intesa Sanpaolo Turkey's cost to income ratio reached 11.2% in 2016, down from 11.7% when compared to the last year. Historically, the bank’s costs reached an all time high of 13.5% in 2014 and an all time low of 11.2% in 2016.
When compared to total assets, bank's cost amounted to 1.39% in 2016, down from 0.399% a year earlier.
Comparing Intesa Sanpaolo Turkey with its closest peers, Citibank Turkey operated in 2016 with a cost to income ratio of 29.5%, Ziraat Bank reached 30.8% and Akbank some 34.6%.
The average cost to income ratio reached 42.0% in the Turkish banking sector in 2016.
You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Turkish banks in the report section.
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