Tuesday, September 13 2011 , Your time is 15:58:00
HSBC has given its four problem businesses in Brazil, Mexico, Turkey and the United States as little as one year to prove their worth before “more extreme” turnaround solutions are proposed, its CEO said on Feb. 23
ISTANBUL - Reuters
Islamic banking’s share in the Turkish banking sector is expected to increase from 5.3 percent to around 20 percent with the three new Islamic banks planned to be opened by state-run lenders
Modest economic growth, competition for deposits and moderate asset quality deterioration will create a tough operating environment for Turkish banks in 2015, Fitch said
ANKARA - Anadolu Agency
Turkey’s main stock exchange, Borsa Istanbul, was ranked among the top five performers in the world in 2014, the exchange announced in a statement late on Jan. 5
Ziraat Bank, the largest state bank in Turkey, does not receive any political pressure, General Manager Hüseyin Aydın has told daily Hürriyet.
The Turkish state-run Ziraat Bank has been granted a banking license by the Central Bank of Azerbaijan, marking its entrance into the lucrative market.
LONDON - Anadolu Agency
Investment perceptions about Turkey have started to become positive again and funds are flowing back into the country, Finance Minister Mehmet Şimşek has said
KUALA LUMPUR - Agence France-Presse
Shares in AirAsia, Southeast Asia's biggest budget airline, lost almost eight percent in Kuala Lumpur on Dec. 29 after one of its jets disappeared with 162 people on board.
The Istanbul Stock Exchange hit its highest point in one and a half years on Nov. 28, approaching 85,000 points in the wake of OPEC’s decision to refrain from cutting output despite a huge oversupply
Lebanese lender Bank Audi reported a 15 percent rise in full-year net profit on late Jan. 26, saying its Turkish subsidiary Odeabank had helped boost earnings.
ANKARA – Anadolu Agency
Turkey’s Savings Deposit Insurance Fund will auction off Adabank on Feb. 4, 2015 after previous auctions did not yield results, as was announced in the Official Gazette Dec. 25.
SARAJEVO - Reuters
Turkey’s state-run stock exchange Borsa Istanbul has started trading index futures of 10 companies from the Sarajevo Stock Exchange as part of expansion plans
An IMF mission is expected to make a 10-day visit to Bosnia today to discuss whether to unfreeze a loan deal that was halted in September over politicians’ failure to implement agreed economic policies
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