...Support and Standalone Strength Drive Ratings: Institutional support drives the Issuer Default Ratings (IDRs), National Ratings and Support Ratings of Alternatifbank A.S. (ABank), BankPozitif Kredi ve Kalkinma Bankasi A.S., Turkland Bank A.S. (T-Bank), and ICBC Turkey. The ratings of Sekerbank T.A.S. Anadolubank A.S. and Fibabanka A.S. (Fiba), the other banks in this review, are driven by their standalone strength, as measured by their Viability Ratings (VRs). Limited Franchises Constrain VRs: All seven banks have operations largely concentrated in the Turkish market. Their franchises are narrow, which constrains their VRs. The banks had a combined market share of about 3% of banking sector assets, loans and deposits at end-1H16. Their primary focus is on the smaller corporate, commercial and SME segments. Anadolubank's relatively higher VR is supported by its record of sound financial metrics, Sekerbank benefits from a well-established regional, micro and SME franchise and Fiba benefits...
