Türkiye banking
- Turkiye
Turkiye’s Banking Sector Net Profit Reaches $12.35 Billion in First Seven Months
The Turkish banking sector’s net profit was 596.4 billion Turkish Liras ($12.35 billion) in the January-July period, according to data…
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Halkbank Raises Additional $1.1 Billion in International Funding, Taking Total to $5 Billion
Türkiye’s state-owned Halkbank secured an additional $1.1 billion from international markets following the dismissal of a criminal case against the…
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Turkiye’s Ziraat Bank Ranks 47th Among Europe’s 50 Largest Banks With $286 Billion in Assets
Türkiye’s state-run lender Ziraat remained the country’s only bank to make the list of Europe’s 50 largest lenders by assets…
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JPMorgan Extends $250 Million MIGA-Backed Loan to VakifBank for Trade and Renewable Energy Financing
American investment bank JPMorgan has extended a $250 million loan to Türkiye’s state-run VakifBank under a guarantee from the World…
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Kuveyt Türk Leads as Turkiye’s Participation Banks Assets Surge 63% to $96 Billion
The total assets of nine participation banks operating in Türkiye surged by 63 percent last year, reaching 4.32 trillion Turkish…
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Turkiye’s Top Banks Report Strong Profit Growth as Assets Approach $1 Trillion
State-owned Ziraat Bank leads all metrics as sector’s total assets rise 41% and equity capital jumps 57% for Türkiye’s largest…
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Turkiye Bank Stocks Slip as Competition Authority Launches Probe
Shares of several major private banks in Türkiye fell by nearly 1% at the opening of Tuesday’s trading session after…
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HSBC Considers Selling Turkiye Operations Amid Global Cost-Cutting Drive
HSBC, one of the world’s largest banking groups, is exploring a sale of its Türkiye operations as part of a…
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Turkiye’s New Credit Card Limit Rules Set to Impact Used Car Market and Consumer Financing
The Banking Regulation and Supervision Agency’s (BDDK) decision to gradually reduce credit card limits above 400,000 Turkish Liras is expected…
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Turkiye’s Participation Banks Issue $4.9 Billion in Sukuk as Market Expands
Participation banks issued a total of 213.9 billion Turkish Liras ($4.9 billion) in sukuk last year, with an average maturity…
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