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U.S.-based investment bank JPMorgan, one of the world’s largest financial institutions, is committed to growing its presence in Türkiye through increased investments, the bank’s Co-Head of Global Banking, Filippo Gori, said on Friday.
Gori described Türkiye as "an extremely important country" for their operations, and emphasized that JPMorgan has been active in the country for more than 40 years, operating with a full-scale local organization.
Gori noted that JPMorgan's longstanding presence in Türkiye provides the foundation for expanding services to both domestic and international clients.
"We continue to strengthen our presence in Türkiye," Gori told CNBC-e, highlighting that the bank has consistently grown its operations and sees further opportunity ahead.
Gori explained that JPMorgan is enhancing its portfolio of services, particularly in areas where it has established expertise, such as dollar swap transactions. These instruments, commonly used to hedge foreign exchange risk and manage liquidity, are in higher demand among clients navigating Türkiye’s evolving macroeconomic landscape.
"We are expanding the product range for both local and international customers," he said, adding that the bank has accelerated initiatives in the areas where it holds a competitive edge.
JPMorgan has operated in Türkiye since 1984 and ranks among the leading foreign banks by total assets, which stood at €151 million ($175.43 million) as of September 2025.
Gori also expressed a positive outlook on emerging markets more broadly, including Türkiye. He noted that the strong performance of these markets is expected to continue throughout the year, suggesting that Türkiye's role as a regional financial hub may further solidify in the near future.
"The outlook on emerging markets remains positive," Gori said, underscoring the company’s forward-looking stance on regions with growth potential.
Türkiye's inflation ended 2025 at 30.89%, with December inflation coming in at 0.89%, below expectations, further boosting optimism around the disinflation process.
Market expectations recently released by the Central Bank of the Republic of Türkiye (CBRT) indicate that the 12-month-ahead inflation forecast stands at approximately 23.23%, while policymakers are targeting 19% by year-end.
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