{"id":12365,"date":"2012-03-05T09:12:22","date_gmt":"2012-03-05T07:12:22","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=12365"},"modified":"2012-03-05T09:12:32","modified_gmt":"2012-03-05T07:12:32","slug":"istekler-ve-gercekler","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/istekler-ve-gercekler\/","title":{"rendered":"\u0130stekler ve Ger\u00e7ekler"},"content":{"rendered":"<p>Bir\u00e7ok alanda oldu\u011fu gibi, vatanda\u015f\u0131n bankac\u0131l\u0131k sekt\u00f6r\u00fcnden bekledikleriyle, ger\u00e7ekler aras\u0131nda farkl\u0131l\u0131klar s\u00f6z konusudur.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-4063236628\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>T\u00fcrkiye\u2019de tasarruf sahibi kendi paras\u0131n\u0131 bankada 1-3 ay ortalama vadeli<\/p>\n<p>tutmas\u0131na kar\u015f\u0131l\u0131k, kendi tasarrufuna y\u00fcksek ve uygun faiz bekler. \u0130\u015fletmesi i\u00e7in ya da yat\u0131r\u0131m kredisi i\u00e7in bankan\u0131n kap\u0131s\u0131n\u0131 \u00e7ald\u0131\u011f\u0131nda kredinin faizinin d\u00fc\u015f\u00fck, vadesinin en az bir y\u0131l olmas\u0131n\u0131, yat\u0131r\u0131m kredilerinin 5-10 y\u0131la uzamas\u0131n\u0131 ister.<\/p>\n<p>Bankalardan en \u00f6nemli \u015fikayet ise son y\u0131llarda s\u0131k s\u0131k ya\u015fanan krizlerde bankalar\u0131n g\u00fcne\u015fli havalarda verdikleri \u015femsiyeyi, ya\u011fmurlu havalarda hemen geri istemeleridir. Ya faizleri hemen art\u0131rmak isterler, ya da krediyi geri \u00e7a\u011f\u0131r\u0131rlar.<\/p>\n<p>B\u00fct\u00fcn bu isteklerin ger\u00e7eklerle uyumlu olmamas\u0131n\u0131n ana nedeni tasarruf yetersizli\u011fi ve finans yelpazesinin enstr\u00fcman a\u00e7\u0131s\u0131ndan yeterince \u00e7e\u015fitlilik ta\u015f\u0131mamas\u0131d\u0131r. O nedenle bankalar bir yandan yurtd\u0131\u015f\u0131 tasarruflar\u0131 sendikasyonlarla yurti\u00e7i kullan\u0131mlara sunuyorlar bir yandan da yeni ve farkl\u0131 enst\u00fcr\u00fcmanlarla, yurti\u00e7i tasarruflar\u0131 art\u0131rmaya vadeleri uzatmaya \u00e7al\u0131\u015f\u0131yorlar.<\/p>\n<p>\u0130\u015fte, 2006 y\u0131l\u0131ndan bu yana bankalar\u0131n ve \u00f6zel sekt\u00f6r kurulu\u015flar\u0131n\u0131n \u00e7\u0131karmaya ba\u015flad\u0131klar\u0131 bono ve tahviller esas itibariyle tasarruflarda art\u0131\u015f\u0131 ve vade uzamas\u0131n\u0131 ama\u00e7lamaktad\u0131r. Ama var\u0131lan b\u00fcy\u00fckl\u00fc\u011fe bakt\u0131\u011f\u0131m\u0131zda hen\u00fcz bu pazar\u0131n \u00fclkemiz finans\u0131 i\u00e7ersinde b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fcn \u00e7ok \u00f6nemli olmad\u0131\u011f\u0131n\u0131 s\u00f6yleyebiliriz. Ancak, h\u0131zla geli\u015fmekte olmas\u0131n\u0131 da sevindirici bir unsur olarak alt\u0131n\u0131 \u00e7izmemiz gerekir.<\/p>\n<p>Bankalar bono tahvil ihra\u00e7lar\u0131nda a\u011f\u0131rl\u0131k ta\u015f\u0131yorlar. Mevduattan daha uzun vadeli kaynak elde ediyorlar. Kredi fonlar\u0131n\u0131 daha uygun ve daha uzun vadeli bir kaynakla geli\u015ftiriyorlar. Bono ve tahvil ihra\u00e7 eden \u015firketler ise kendileri i\u00e7in banka kredilerine alternatif bir enstr\u00fcman arac\u0131n\u0131 kullanma imkan\u0131n\u0131 sa\u011fl\u0131yorlar. Bono tahvil alan sermaye \u015firketleri tasarruf mevduat\u0131ndaki y\u00fczde 15\u2019lik stopaj oran\u0131n\u0131n s\u0131f\u0131ra inmesi ile daha y\u00fcksek getiri sa\u011fl\u0131yorlar.Bono tahvil alan bireyler de banka stopajlar\u0131n\u0131 y\u00fczde 5 a\u015fa\u011f\u0131 \u00e7ekebiliyorlar. Ayr\u0131ca, hem \u015firketler hem bireyler en \u00f6nemli tasarruf yat\u0131r\u0131m\u0131 olan Hazine bonolar\u0131ndan daha y\u00fcksek bir getiri elde edebiliyorlar.<\/p>\n<p>B\u00f6ylece finansal enstr\u00fcman yelpazesi i\u00e7ersinde son 6 y\u0131lda yer alan banka ve \u00f6zel sekt\u00f6r bono tahvil ihrac\u0131 \u201cKazan kazan ilkesine uygun\u201d bir sonucun yarat\u0131lmas\u0131n\u0131 sa\u011fl\u0131yor. Bankalar tasarruflardan yararlanmada \u00e7e\u015fitlenme ve vade uzatma imkan\u0131 elde ediyorlar. \u015eirketler banka kredisine alternatif kendileri i\u00e7in daha belli kurall\u0131 bir imkana sahip oluyorlar. Sat\u0131n almalarda daha y\u00fcksek getiri elde ediyorlar. Bireyler de farkl\u0131 ve getirisi devlet tahvili \u00fcst\u00fcnde bir yeni enst\u00fcrmanla tan\u0131\u015f\u0131yorlar.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-137132826\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"3167340272\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Ama tahvil ve bono ihrac\u0131 rakamlar\u0131na bakt\u0131\u011f\u0131m\u0131zda hem bankalar a\u011f\u0131rl\u0131kl\u0131 oldu\u011funa, hem de bug\u00fcn i\u00e7in finans yelpazesindeki pay\u0131n\u0131n d\u00fc\u015f\u00fck oldu\u011funu g\u00f6r\u00fcyoruz. 2012 y\u0131l\u0131 beklentileriyle ilgili bankac\u0131lar\u0131n a\u00e7\u0131klamalar\u0131nda ise bu alanda h\u0131zl\u0131 bir ivmelenme olaca\u011f\u0131na inand\u0131klar\u0131n\u0131 \u00f6\u011freniyoruz.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bir\u00e7ok alanda oldu\u011fu gibi, vatanda\u015f\u0131n bankac\u0131l\u0131k sekt\u00f6r\u00fcnden bekledikleriyle, ger\u00e7ekler aras\u0131nda farkl\u0131l\u0131klar s\u00f6z konusudur. T\u00fcrkiye\u2019de tasarruf sahibi kendi paras\u0131n\u0131 bankada 1-3 ay ortalama vadeli tutmas\u0131na kar\u015f\u0131l\u0131k,&hellip;<\/p>\n","protected":false},"author":22,"featured_media":903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/12365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=12365"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/12365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/903"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=12365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=12365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=12365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}