Tuesday, September 13 2011 , Your time is 15:58:00
Modest economic growth, competition for deposits and moderate asset quality deterioration will create a tough operating environment for Turkish banks in 2015, Fitch said
Ziraat Bank, the largest state bank in Turkey, does not receive any political pressure, General Manager Hüseyin Aydın has told daily Hürriyet.
Spanish bank BBVA said Nov. 20 it had priced a 2-billion-euro ($2.5 billion) rights issue to fund the raising of its stake in Turkey’s Garanti at 8.25 euros a share, as it pursues its strategy of overseas expansion.
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
Turkey’s largest state-run lender Ziraat Bank is planning to start a borrowing program of up $4 billion and 15 billion Turkish Liras through separate issues in domestic and international markets
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
Three Turkish state-run banks plan to launch Islamic units, widening the reach of interest-free finance in the majority Muslim nation, but the government is treading a fine line between promoting the sector and hurting incumbents.
SARAJEVO - Reuters
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
ISTANBUL – Reuters
Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey’s state-run Halkbank of its pension and insurance arms
LONDON – Anadolu Agency
An eventual interest rate hike by the Federal Reserve could threaten Turkish economic growth, a Moody’s analyst says
ANKARA – Anadolu Agency
International bank HSBC said on Nov. 13 that its operations in Turkey had been hacked and the personal data of some 2.7 million customers’ credit cards had been compromised, while confirming that no risks had occurred.
Turkey’s embattled Bank Asya has said in a written statement to the Istanbul Stock Exchange that it has closed 80 branches, merging them with existing branches, and cut 1,708 jobs since the end of 2013.
Razi Canikligil - NEW YORK
Ziraat, under an 'enforcement action' from the US Federal Reserve, has stopped retail banking at its New York branch
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