Türkiye's financial intermediary institutions sector recorded strong growth in 2025, with total value added at factor cost rising 70.9% year on year to 2.99 trillion Turkish liras, according to data released by the Turkish Statistical Institute (TurkStat).

Production value in the sector also increased significantly, rising 61.2% from the previous year to 4.61 trillion liras, the statistics showed.

The Financial Intermediary Institution Statistics were compiled according to the Statistical Classification of Economic Activities in the European Community, Revision 2.1 (NACE Rev. 2.1).

A total of 22,113 enterprises operated in Türkiye's financial intermediary institutions sector in 2025.

Financial service activities accounted for 273 enterprises, while 74 enterprises operated in insurance, reinsurance and pension funding. The largest number, 21,766, was engaged in activities auxiliary to financial services and insurance activities.

Despite accounting for only a small fraction of the total number of enterprises, financial service activities generated the largest share of value added and production in the sector.

Financial service activities accounted for 80% of total value added, followed by insurance, reinsurance and pension funding with 11.1%, and auxiliary financial and insurance activities with 8.9%.

In terms of production value, financial services represented 74.9% of the total, while insurance, reinsurance and pension funding accounted for 17.3%. Auxiliary activities made up the remaining 7.8%.

Value added at factor cost increased across all three major segments of the sector compared with 2024.

Financial service activities recorded a 69.3% increase, while value added in insurance, reinsurance and pension funding rose 89.7%. Activities auxiliary to financial services and insurance activities recorded a 64.1% increase.

Production value also increased across all segments.

Production in financial service activities rose 62.7% year on year, while insurance, reinsurance and pension funding recorded a 57.1% increase. Production value in auxiliary financial and insurance activities increased 56.5%.

The figures indicate that the financial intermediary sector continued to expand in nominal terms despite differences in growth rates between its individual segments.

Employment in the sector also increased during the year.

The annual average number of people employed by financial intermediary institutions rose from 352,597 in 2024 to 360,745 in 2025.

Financial service activities accounted for the largest share of employment, employing 65.9% of the sector's workforce. Activities auxiliary to financial services and insurance accounted for 26.4%, while insurance, reinsurance and pension funding represented 7.7%.

Total personnel costs in the sector reached 712.175 billion liras in 2025.

Financial service activities accounted for 77% of total personnel costs, followed by auxiliary financial and insurance activities with 13.2% and insurance, reinsurance and pension funding with 9.8%.

Wages and salaries represented the bulk of personnel costs, accounting for 84.8%, while social security contributions made up the remaining 15.2%.

The gender distribution of employees was almost evenly balanced.

Women accounted for 49.8% of the workforce, with 174,949 female employees recorded in 2025. Male employees numbered 176,328, representing 50.2% of total employment.

The figures show that women made up almost half of the workforce across Türkiye's financial intermediary institutions.

Financial intermediary institutions purchased 157.495 billion liras worth of fixed capital assets during 2025.

Financial service activities accounted for the largest share of fixed capital investment, at 78.8% of the total.

Activities auxiliary to financial services and insurance activities represented 14.2% of total fixed capital investment, while insurance, reinsurance and pension funding accounted for 7%.

Overall, the latest figures point to continued expansion in Türkiye's financial intermediary sector, with substantial increases in value added, production, employment and investment recorded during 2025.  (ILKHA)