Common aspects of COVID-19 measures and sustainable banking principles. Case study of Turkey

Volkan Dayan

doi:10.26354/bb.3.4.93.2023

Published: 2024-02-19

Vol. 93 No. 4 (2023)

Common aspects of COVID-19 measures and sustainable banking principles. Case study of Turkey

Volkan Dayan

Section: Problems and Opinions

https://doi.org/10.26354/bb.3.4.93.2023

Abstract

COVID-19, which has spread rapidly around the world after this date, was officially detected in Turkey in March 2020. As in the rest of the world, many sectors in Turkey were negatively affected by the pandemic. One of the sectors most affected by the COVID-19 pandemic was the banking sector. Therefore, the Central Bank of the Republic of Turkey, the Banking Regulation and Supervision Agency, the Banks Association of Turkey and banks quickly published measures. The banking system was redesigned with masks, social distance and hygiene principles. New working order and financial products were created for the pandemic. "Sustainability Guidelines for the Banking Sector" announced by the Banks Association of Turkey is a guide for banks in Turkey. These principles, consisting of ten articles, create a framework for sustainable banking in Turkey. The purpose of this study is to determine how related the measures taken during the Covid-19 pandemic are to sustainable banking principles. To that end in this study, measures taken in compliance with COVID-19 regulations and sustainable banking principles were identified. Adaptive principles are grouped under common headings. The measures taken, the issues of "resilience and adaptability" and "economic recovery and resilience" came to the fore the most. Since there is no similar study in the literature, it is thought that it will guide regulatory authorities and academic studies.

Keywords:

banking , COVID-19 measures , sustainable banking , resilience

JEL Codes

I18, Q56, E50

Download files

pdf (Język Polski) pdf.eng

Citation rules

Dayan, V. (2024). Common aspects of COVID-19 measures and sustainable banking principles. Case study of Turkey. Safe Bank, 93(4), 50–63. https://doi.org/10.26354/bb.3.4.93.2023

Cited by / Share

Licence

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

References

Banking Regulation and Supervision Agency. (2020a). Aktif Rasyosunun (AR) Yururlukten Kaldirilmasi Hk Kurul Karari. https://www.bddk.org.tr/Duyuru/EkGetir/724?ekId=747 Accessed on: 31.10.2023.
Google Scholar

Banking Regulation and Supervision Agency. (2020b). Bankacilik Duzenleme ve Denetleme Kurulu Karari, Karar: 9312. https://www.bddk.org.tr/Mevzuat/DokumanGetir/806 Accessed on: 04.11.2023.
Google Scholar

Banking Regulation and Supervision Agency. (2021). Surdurulebilir Bankacilik Stratejik Plani. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=122 Accessed on: 15.10.2023.
Google Scholar

Banks Association of Türkiye (2020), Koronavirusu Salgini Nedeniyle Ekonomik Faaliyetin Desteklenmesi Amaciyla Bankacilik Sektorunde Alinan Onlemler ve Uygulamalar. https://www.tbb.org.tr/Content/Upload/Dokuman/7668/Onlemler_ve_Uygulamalar_050620.pdf Accessed on: 05.11.2023.
Google Scholar

Bayar, M. & Varisli, N. (2020). COVID-19 pandemisinin Türkiye’de tuketici kredileri hacmi uzerindeki etkisi: 2013-2020 donemi zaman serisi analizi. Anadolu Universitesi Iktisadi ve Idari Bilimler Fakultesi Dergisi, 21 (3), pp. 85-99. DOI: https://dergipark.org.tr/tr/pub/anadoluibfd/issue/56987/791759
Google Scholar

Beybur, M. & Çetinkaya, M. (2020). COVID-19 pandemisinin türkiye’de dijital bankacilik ürün ve hizmetlerinin kullanimi üzerindeki etkisi. Uluslararasi Bati Karadeniz Sosyal ve Beseri Bilimler Dergisi, 4 (2) pp. 148-163. DOI: 10.46452/baksoder.829078
Google Scholar

Central Bank of the Republic of Türkiye (2020), Measures Taken against the Economic and Financial Impacts of the Coronavirus, https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Announcements/Coronavirus, Accessed on: 17.10.2023.
Google Scholar

Cetiner, E.M. & Gurel, C.A. (2022). COVID-19 Pandemisinin Surdurulebilir Finans Uygulamalarina Etkisi, International Academic Social Resources Journal, Vol:7, Issue:43; pp. 1615-1620
Google Scholar

Demirel, D. U. S. (2022). COVID-19 pandemisi’nin bireysel mobil ve internet bankaciligi ile kurumsal mobil ve internet bankaciligi kullanimina etkisi (2018- 2021). International Journal of Entrepreneurship and Management Inquiries, 6 (11), pp. 127-149. DOI: 10.55775/ijemi.1058014
Google Scholar

Ekim Kocaman, B. (2021). COVID-19 Surecinde Turk Bankacilik Sektoru Ve Piyasa Yogunlasmasinin Analizi . Hitit Sosyal Bilimler Dergisi , 14 (2) , pp. 384-407. DOI: 10.17218/hititsbd.1007890
Google Scholar

Erden, B., & Aslan, O. F. (2022). The impact of the COVID-19 pandemic outbreak on the sustainable development of the Turkish banking sector. Frontiers in Environmental Science, 10, pp. 1-12. DOI: http://doi.org/10.3389/fenvs.2022.989070
Google Scholar

Ergin Unal, A., Yetiz, F. & Susay, A. (2022). The impact of COVID-19 on industrial, banking, and tourism indexes, Fiscaoeconomia, 6 (1), pp. 278-291 . DOI: 10.25295/fsecon.1013123
Google Scholar

Gocumlu B. Ç. & Usul A. S. (2022). Turkiye'nin Kovid-19 salginiyla mucadelesinin 2 yili https://www.aa.com.tr/tr/koronavirus/turkiyenin-kovid-19-salginiyla-mucadelesinin-2-yili/2529977 Accessed on: 17.10.2023.
Google Scholar

Karim, S., Akhtar, M. U., Tashfeen, R., Rabbani, M. R., Abdul Rahman, A. A., & AlAbbas, A. (2022). Sustainable banking regulations pre and during coronavirus outbreak: the moderating role of financial stability. Economic Research-Ekonomska Istraživanja, 35(1), pp. 3360-3377. DOI: https://doi.org/10.1080/1331677X.2021.1993951
Google Scholar

Kendir E, Erkan A, Aslantas Ates B. (2022). COVID-19 pandemi surecinin banka kredileri ve bankalarin protestolu senetleri uzerine etkileri. Cankiri Karatekin Universitesi Iktisadi ve Idari Bilimler Fakultesi Dergisi, 12(2), pp. 1 - 36. 10.18074/ckuiibfd.942404
Google Scholar

OECD (2022). Economic Outlook for Southeast Asia, China and India 2022: Financing Sustainable Recovery from COVID-19, OECD Publishing, Paris, https://doi.org/10.1787/e712f278-en.
Google Scholar

SESAM (2023). Türkiye’de COVID-19 ’la Mucadelede Alinan Kamu Maliyesi Tedbirlerinin Degerlendirilmesi. (http://sesam.sakarya.edu. tr/tr/duyuru/goster/91540/turkiye-de-COVID-19 -la-mucadelede-alinan-kamu-maliyesi-tedbirlerinin-degerlendirilmesi). Accessed on: 13.11.2023.
Google Scholar

Sumadi, S. (2020). Menakar dampak fenomena pandemi COVID-19 terhadap perbankan syariah, Jurnal Hukum Ekonomi Syariah, 3(2), pp. 145-162. DOI: http://dx.doi.org/10.30595/jhes.v0i1.8761
Google Scholar

Turkish Statistical Institute. (2021). Death and Cause of Death Statistics, 2021. Accessed on: 17.10.2023.
Google Scholar

Xie, H., Chang, H. L., Hafeez, M., & Saliba, C. (2022). COVID-19 post-implications for sustainable banking sector performance: evidence from emerging Asian economies. Economic Research-Ekonomska Istraživanja, 35(1), pp. 4801-4816. DOI: https://doi.org/10.1080/1331677X.2021.2018619
Google Scholar

Yurttadur, M. (2021). COVID-19 Pandemisi’nin katilim bankalarinin karliliklarina etkileri. Nevsehir Haci Bektas Veli Universitesi SBE Dergisi, 11 (4), pp. 2285-2297. DOI: 10.30783/nevsosbilen.1009126
Google Scholar

Vol. 93 No. 4 (2023)
Published: 2024-03-13

ISSN: 1429-2939

eISSN: 2544-7068

10.26354

Publisher

Bankowy Fundusz Gwarancyjny

Licence CC

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Submit

-->