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The Chief Credit Officer (CCO) is a senior-level executive responsible for overseeing and managing the credit risk of a financial institution. Their primary role is to ensure that the organization's credit policies and procedures are in line with regulatory requirements and industry best practices. The CCO is responsible for assessing and mitigating credit risks, developing and implementing credit risk management strategies, and monitoring the overall credit portfolio performance.
The CCO plays a crucial role in evaluating the creditworthiness of borrowers, determining appropriate credit limits, and establishing lending guidelines. They collaborate with various departments, including underwriting, loan administration, and collections, to ensure effective credit risk management throughout the organization. Additionally, the CCO provides guidance and recommendations to senior management and the board of directors regarding credit risk exposure and potential impacts on the institution's financial health.
Estimated Yearly Salary: 550,497 TRY
Estimated Monthly Salary: 45,875 TRY
Estimated Weekly Salary: 10,586 TRY per week
Estimated Hourly Salary: 265 TRY per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 44,229 TRY
Estimated Weekly Salary: 10,207 TRY per week
Estimated Hourly Salary: 255 TRY per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 29,003 USD
Estimated Monthly Salary: 2,417 USD
Estimated Weekly Salary: 558 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 550,497 TRY
Estimated Monthly Salary: 45,875 TRY
Estimated Weekly Salary: 10,586 TRY per week
Estimated Hourly Salary: 265 TRY per hour
By working as Chief Credit Officer a person can save up to 1,993 USD per month or 23,920 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Turkey, see costs of living in Turkey.
Estimated Yearly Salary for Chief Credit Officer
Last revision of data: 2025-01-04
Data as of 2025
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Chief Credit Officer salary in Turkey
Average Yearly Salary of Chief Credit Officer in Turkey is approximately 550,497 TRY (29,003 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Chief Credit Officer do?
The Chief Credit Officer (CCO) is a senior-level executive responsible for overseeing and managing the credit risk of a financial institution. Their primary role is to ensure that the organization's credit policies and procedures are in line with regulatory requirements and industry best practices. The CCO is responsible for assessing and mitigating credit risks, developing and implementing credit risk management strategies, and monitoring the overall credit portfolio performance.
The CCO plays a crucial role in evaluating the creditworthiness of borrowers, determining appropriate credit limits, and establishing lending guidelines. They collaborate with various departments, including underwriting, loan administration, and collections, to ensure effective credit risk management throughout the organization. Additionally, the CCO provides guidance and recommendations to senior management and the board of directors regarding credit risk exposure and potential impacts on the institution's financial health.
Skills: Chief Credit Officer, Credit Risk Management, Credit Portfolio, Regulatory Compliance, Creditworthiness Assessment, Credit Risk Mitigation.
Job industry: Banking or financial services
Job industry: Banking or financial services
How much does Chief Credit Officer make?
Salary details
How much does Chief Credit Officer make?Estimated Yearly Salary: 550,497 TRY
Estimated Monthly Salary: 45,875 TRY
Estimated Weekly Salary: 10,586 TRY per week
Estimated Hourly Salary: 265 TRY per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 530,746 TRYEstimated Monthly Salary: 44,229 TRY
Estimated Weekly Salary: 10,207 TRY per week
Estimated Hourly Salary: 255 TRY per hour
Last revision of data: 2024-01-07Chief Credit Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 29,003 USD
Estimated Monthly Salary: 2,417 USD
Estimated Weekly Salary: 558 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Turkey, officially known as the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeast Europe. It has a population of approximately 82 million people, making it one of the most populous countries in the world. The land area of Turkey is about 783,356 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 182,974 TRY (10,590 USD). Value indicated is pre-tax. Below graph shows estimated Chief Credit Officer job salary compared to average salary in Turkey.
Comparison shows that a person working as Chief Credit Officer in Turkey earns on average:
3.01 times the average salary (or 301% of average salary).
Estimated national average yearly salary is 182,974 TRY (10,590 USD). Value indicated is pre-tax. Below graph shows estimated Chief Credit Officer job salary compared to average salary in Turkey.
Comparison shows that a person working as Chief Credit Officer in Turkey earns on average:
3.01 times the average salary (or 301% of average salary).
Is Chief Credit Officer a well paid job?
Yes, our data show that Chief Credit Officer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Chief Credit Officer?
High salary for Chief Credit Officer would be somewhere between 605,547 TRY and 798,221 TRY. However this is an estimation based on Gaussian Distribution.How much can you save working as Chief Credit Officer in Turkey?
Living in Turkey the approximate monthly expenses are: 424 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 550,497 TRY
Estimated Monthly Salary: 45,875 TRY
Estimated Weekly Salary: 10,586 TRY per week
Estimated Hourly Salary: 265 TRY per hour
By working as Chief Credit Officer a person can save up to 1,993 USD per month or 23,920 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Turkey, see costs of living in Turkey.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Greece, Bulgaria, Georgia, Armenia, Azerbaijan, Iran, Iraq, Syria.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Chief Credit Officer
Greece is 59,309 USD
Iran is 21,507 USD
Iraq is 16,424 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Turkey
(2,099,459 TRY per year, pre-tax.)
2. Cardiologist
(1,754,102 TRY per year, pre-tax.)
(1,691,394 TRY per year, pre-tax.)
(1,640,570 TRY per year, pre-tax.)
5. Neurosurgeon
(1,632,934 TRY per year, pre-tax.)
(1,598,581 TRY per year, pre-tax.)
7. Oncologist
(1,595,801 TRY per year, pre-tax.)
(1,594,037 TRY per year, pre-tax.)
(1,593,001 TRY per year, pre-tax.)
(1,592,836 TRY per year, pre-tax.)
Data as of 2025Random salary:
Manager of paid search (300,117 TRY per year, pre-tax.)
Manager government program (530,746 TRY per year, pre-tax.)
Production worker (115,473 TRY per year, pre-tax.)
Senior vice president general counsel (830,069 TRY per year, pre-tax.)
Personal caregiver (106,526 TRY per year, pre-tax.)
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