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Tuesday, September 13 2011 , Your time is 15:58:00
The European Central Bank left its ultra easy monetary policy stance unchanged as expected on July 20, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.
Turkey’s banking sector achieved its highest growth rate in the last six years in the first quarter of 2017, mainly thanks to a skyrocketing rise in the loan volume, according to the head of the Banks Association of Turkey (TBB).
The main opposition Republican People’s Party (CHP) has questioned why all general board meetings of Turkey’s state-run lenders have been postponed until after the referendum, speculating that the government may be “afraid of something in their balance sheets.”
A deputy from the main opposition Republican People’s Party (CHP) has asked in a parliamentary question about the sharp rise in Turkey’s main stock exchange Borsa Istanbul on April 10, claiming that Economy Minister Nihat Zeybekci had already forecasted this rise.
Turkey’s Meat and Milk Board (ESK) started offering carcass meat for cheaper prices to butchers and delicatessens to ease increases in red meat prices as of March 27
LONDON - Agence France-Presse
The outlook for London’s financial sector has improved since Brexit was triggered, insists the man charged with its policy, even as banks remain set to move some jobs abroad.
Loans by the Turkish banking sector were seen rising to some 175 billion Turkish Liras ($48.8 billion) in the first quarter from 120 billion liras in the same period a year earlier, a banking association chairman said, as reported by Reuters on March 27.
Turkish Central Bank Monetary Policy Committee (MPC) member Ahmet Faruk Aysan resigned from his post on April 5 in order to return to academia.
FRANKFURT - Reuters
Protectionist trade policies may increase, rather than reduce, a country’s trade deficit, the European Central Bank said in a study on March 22, just days after finance chiefs of the world’s top 20 economies dropped their pledge for open trade.
GENEVA - Agence France-Presse
Credit Suisse extended its global charm offensive on April 3 insisting it has “zero tolerance” for tax evasion after hundreds of its clients and top employees became the target of an international fraud probe.
ISTANBUL - Anadolu Agency
Luxembourg’s deputy prime minister has invited Turkish banks to open branches in Luxembourg.
Shares in Turkey’s Halkbank tumbled as much as 16 percent early yesterday, the sharpest drop on record, after U.S. prosecutors charged one of its senior executives with participating in a multi-year scheme to violate U.S. sanctions against Iran
ANKARA - Anadolu Agency
Most of the Turkish companies rated by Moody’s are able to cope with the recent slide in the value of the Turkish Lira thanks to their foreign exchange reserves and foreign currency inflows, Moody’s said March 9.