Tuesday, September 13 2011 , Your time is 15:58:00
Ratings agency Moody’s gave a negative outlook on Turkey’s banking sector for the second straight year on late March 25, citing subdued economic growth and currency volatility.
Turkish lender Kuveyt Türk said on March 22 it would launch Germany’s first full-fledged Islamic bank in July, a first step intended at offering sharia-compliant retail banking services across the continent.
ISTANBUL - Reuters
Turkish Islamic lender Bank Asya, whose management was taken over by regulators earlier this year, swung to a net loss of 877 million liras ($336 million) in 2014 on shrinking loans and deposits
BELGRADE / ISTANBUL
Turkey’s state-run Halkbank said on March 20 it has signed a deal to buy a 76.76 percent stake in Serbian lender Cacanska Banka for 10.1 million euros ($10.9 million)
The Istanbul Stock Exchange hosted an opening bell ceremony on March 6 in support of gender equality and women’s economic empowerment
Chinese authorities have given Industrial and Commercial Bank of China approval to buy a 75.5 percent stake in Turkey’s Tekstilbank, the Turkish lender said on March 20, bringing the $316 million deal closer to completion
The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next
TOKYO - Reuters
The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution
LONDON - Reuters
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
Finansbank, 99.8 percent of which is owned by National Bank of Greece (NBG), has announced its intention to launch an offering of its ordinary shares listed on Turkey’s main stock exchange, Borsa Istanbul
ISTANBUL - Anadolu Agency
The cost of bribery and its impact on economic growth is huge, Nicola Bonucci, head of legal affairs at the Organization for Co-operation and Development, said on March 6
Turkey intends to become a member of the China-led Asian Infrastructure and Investment Bank (AIIB), the Treasury said on March 26 by a written statement.
ISTANBUL - Doğan News Agency
The Turkish Constitutional Court has approved Turkish İşbank’s appeal on a tax conflict with the tax authority
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