TSPB ANNUAL REPORT 2019

16 TCMA 2019 ANNUAL REPORT OVERVIEW OF 2019 Distinguished Members, 2019 has been a year in which trade wars between the USA and China and geopolitical risks were at the forefront whereas the global economic growth remained relatively low. We have seen that central banks of developed countries, primarily the US Central Bank (FED), pursuing expansionary monetary policies in order to support economic growth. In terms of Turkey, recovery trend accelerated especially in the second half of the year, following the progress for the economic rebalancing. Along with the inflation rate going down, there was a remarkable decrease in the interest rates. The global expansionary monetary policies as well as recovering economy and the interest rates decline strengthened the tendency towards the Turkish Capital Markets. In this context, 2019 has been the year in which the investor awareness has been increased hence the numbers and the volumes. Regarding the global economy, we see that the countries with developed capital markets have the biggest share in world trade and economic growth. This indicates that the capital markets should be amplified in order for Turkey to enhance the targeted sustainable growth and increase its share in the world trade. In other words, the way towards the sustainable growth of the Turkish economy is in line with the development and strengthening of the capital markets. At this point, our primary goal should be to expand the capital markets much further beyond its current level. As the Turkish Capital Markets Association (TCMA), carrying the largest number of member base in the financial services sector; we have completed a year in which we have conducted various tasks, concerning communication, education and digitalization as well as improvement of legislation, in order to ensure the development of our sector in line with our goals. As TCMA, we accelerated our multi-faceted communication activities in this period towards increasing awareness for the capital markets and its value-added while ensuring that savings are being valued through investments in the capital markets. We Increased our Co-operation with the Media In 2019, we initiated a multi-faceted communication collaboration within the framework of a strategy in which we actively use both traditional media and social media in order to highlight the value created by the capital markets, specifically pointing out many aspects such as partnership culture, private pension, public offering as well as target investment plans. In line with this purpose, the press meetings we held in July and October, and the mutual communication with the press as well as one-to-one meetings, provided productive collaborations for the expansion of our industry. In addition, we launched the series called “Investing Together” that were broadcasted live on Bloomberg HT Channel every 2 weeks where we have covered many topics, subjecting the WE NEED TO STRENGTHEN AND FURTHER DEVELOP THE CAPITAL MARKETS IN ORDER FOR TURKEY TO ACHIEVE THE SUSTAINABLE ECONOMIC GROWTH, INCREASE ITS SHARE IN THE WORLD TRADE ALONG WITH MEETING THE LONG-TERM FUNDING DEMANDS.