Turkish Banks
- Turkiye
Turkish Banking Sector Reports $11.3 Billion Profit, Assets Rise by 26% in First Eight Months of 2024
The Turkish banking sector’s net profit stood at 382.77 billion Turkish Liras ($11.3 billion) in January-August, the country’s banking watchdog…
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Isbank CEO Hakan Aran Expects Interest Rate Cuts by November
Isbank CEO Hakan Aran Predicts Interest Rate Cuts by November In a recent interview with CNBC-e, Hakan Aran, CEO of…
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Turkish Banks’ Net Profits Surge by 18.8% in First Seven Months of 2024
The net profits of Turkish banks increased 18.8 percent at an annualized pace in January-July, according to banking watchdog data.…
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Turkiye’s Eren Secures $850 Million Loan for New UK Paper Mill
Turkish industrial and retail group Eren Holding AS has secured a €775 million ($854 million) loan to finance a $1.3…
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Turkish bank profits hike 24% in 1st half
Sector registers $9.6B net profit in January-June, says data from banking watchdog The net profits of Turkish banks jumped 24%…
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Moody’s upgrades ratings of 17 Turkish banks
Policy change yielding positive results for inflation, domestic confidence in Turkish Lira, foreign capital inflows, says rating agency Moody’s said…
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Minister Simsek: CBRT’s Swap Stock Drops to $144 Million
From a Peak of $64.5 Billion in 2023, Turkiye’s Central Bank Reduces Domestic Bank Swaps Significantly Turkiye’s Treasury and Finance…
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Turkiye’s International Investment Position Reveals $337.3 Billion in Assets for May 2024
Central Bank Reports 10.2% Increase in Liabilities, Reaching $670.9 Billion Turkiye’s international investment position (IIP) data for May 2024 has…
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Fitch Upgrades Outlook for Turkish Banking Sector to ‘Improving’
Reduced External Financing Pressures and Lower Macro Risks Drive Positive Revision International credit rating agency Fitch Ratings has revised the…
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Turkish banks’ foreign financing risks have decreased: Fitch official
Improvement mainly due to changes in monetary policy, which have led to significant decline in Türkiye’s risk premiums, says Fitch…
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