The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Central bank governor of the year 2009: Durmus Yilmaz, Turkey

With nearly 30 years’ experience at the central bank, Durmus Yilmaz is the ideal person to steer the country’s financial system through the global credit crisis. Sudip Roy reports.

Central bank governor of the year: Durmus Yilmaz, Turkey

QUIET, MODEST, UNASSUMING, Durmus Yilmaz has the ideal traits needed to lead a central bank through the worst financial crisis to have struck the global economy in more than 50 years. The head of the Central Bank of Turkey says that despite the extraordinary challenges he has faced over the past 12 months he himself has not changed. "I consider myself an ordinary man who happens to be in the central bank and has been given the responsibility of the job and does that job to the best of my ability," he says in an interview with Euromoney.

Luckily for Turkey, Yilmaz has proven skills that are admired throughout the country’s banking industry. "He is a very wise and visionary person," says Ziya Akkurt, chief executive at Akbank. "He is seen as a calm person. He always takes initiatives on time and without fear."

Although Turkey is often singled out by analysts as being among those countries most vulnerable to the global credit crisis, so far its financial system, although not necessarily its economy, has proved to be relatively resilient. That could change quickly. It has a history of financial woes – the most recent in 2001.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree