Türkiye | Quarterly Debt Outlook. 1Q_2026
June 22, 2026
Debt sustainability metrics remain strong across sectors. However, signs of stress are gradually emerging through rising retail NPLs and an overall weakening net FX position.
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Deniz Ergun works as a Senior Economist at Garanti – BBVA Research since February 2014. She holds a PhD in Law &Economics (Magna Cum Laude) at the Erasmus University Rotterdam and the University of Bologna. During her studies, she also worked as a visiting researcher at the University of Hamburg. She completed her Masters in Economics in Albert Ludwigs Universitaet Freiburg-Germany. During her master studies she worked as a trainee at HSBC Trinkaus Internationale Kapitalanlagegesellschaft/Düsseldorf between 2008-2009. She holds a BA degree in Economics from Koc University, Istanbul.
Her current responsibilities include the analysis of financial systems, financial stability, regulatory and country risk issues including financial system modelling.