Turkish HNWI Population to Grow by 19.4% till 2020, States WealthInsight in Topical Report Available at MarketPublishers.com10 Aug 2016 • by Natalie Aster
LONDON – Turkey had 96,768 high net worth individuals (HNWIs) as of 2015, with their cumulative wealth estimated at USD 558.1 billion.
The number of the country’s HNWIs declined by 0.1% in 2015, after 3.5% growth in 2014.
The number of local HNWIs will likely amount to 119,226 by 2020-end, increasing by 19.4% over the forecast period, whilst the wealth of this population is anticipated to surge by 31.2% to reach the USD 768.2 billion mark.
Comprehensive research report “Turkey Wealth Report 2016” drawn up by WealthInsight covers the wealth management industry on a national scale.
The study provides unbiased market size estimates with respect to the local HNWI population for 5 wealth bands; an in-depth analysis and exhaustive forecasts of HNWI wealth, numbers and allocation trends starting from 2011 and through to 2020. It gives an extensive overview of asset allocations of the domestic HNWIs and UHNWIs across 13 asset classes. It provides a detailed breakdown of all overseas assets geography-wise; and also presents an alternative breakdown of investable as against liquid assets. The research publication limelights the evolution of the industry and also points out key opportunities and challenges, pertaining to the Turkish wealth management and private banking industry. It offers an analysis the size of the domestic wealth management industry; gives details about private banks; includes unprejudiced family office and wealth management information; and casts light on the key factors giving a boost to HNWI wealth.
Companies mentioned are: Burgan Bank AS, Central Bank of the Republic of Turkey, Bank of Tokyo – Mitsubishi UFJ Turkey AS (BTMU), Citi Bank AS, Egeli & Co., HSBC Bank AS, ING Bank AS, Esas, Rhea Asset Management, Türkiye Garanti Bankasi, TC Ziraat Bankasi, Türkiye Is Bankasi, Akbank, UniCredit Group, UNLU & Co. Asset Management Services and Yapi Kredi Bankasi.
More reports by this publisher are available at WealthInsight page.