Searcher
Deniz Ergun
Deniz Ergun
Senior Economist
Istanbul

Deniz Ergun works as an Economist at Garanti BBVA 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.

Latest publications

In the week ending by February 16, foreign currency adjusted weekly credit growth decelerated to 0.2% from 0.5% due to consumer credits of public banks and commercial credits of private banks. Total credits’ 13-week annualized trend rose from 27.2% to 27.5% due to carry-over impact of the final weeks of January.
Despite the suppression in core NIM, fees and commissions income, income from capital markets and FC transactions supported profitability of the sector in 2023. Regulatory capital ratios remain above the regulatory thresholds, though with increasing pressure in public banks due to their lower capital base.
In the week ending by February 9, foreign currency adjusted weekly credit growth decelerated to 0.5% from 0.7% due to consumer credits in private banks. Total credits’ 13-week annualized trend rose from 25.4% to 27.2% due to carry-over impact of the previous two weeks.