JPMorgan stated in a report that subordinated bonds of private banks in Turkiye are relatively attractive.
Analysts led by Konstantin Rozantsev at JPMorgan stated in a report that private banks’ subordinated bonds are ‘relatively attractive’, citing the stable environment in Turkiye.
According to the news in Bloomberg HT, the report stated that the policy stance was ‘not too restrictive’ and that high interest rates have not completely reduced the loan demand so far.
Analysts revised their recommendation for Garanti’s 2027 maturity and IsBank’s 2028 maturity subordinated bonds from ‘underweight’ to ‘neutral’.
Akbank’s 2026 maturity bond, Vakifbank’s 2026 maturity bond and Eximbank’s 2026 maturity bond were also increased from ‘underweight’ to neutral.
Source: Dunya.com / Prepared by Irem Yildiz