Categories Finance HIGHLIGHTS Markets CNBC: Turkey’s lira sinks to fresh record low after Erdogan re-election Atilla YeşiladaPosted on29 May, 2023 The Turkish lira sank to a fresh record low Monday as incumbent Recep Tayyip Erdogan … Continue ReadingCNBC: Turkey’s lira sinks to fresh record low after Erdogan re-election
Categories Finance HIGHLIGHTS Fitch/ Erich Arispe Morales: Returning to sustainable, predictable and credible economic policy-making increasingly unlikely under Erdoğan Atilla YeşiladaPosted on26 May, 2023 The Turkish economy, weathered by skyrocketing inflation and a plunging currency value, stands at a … Continue ReadingFitch/ Erich Arispe Morales: Returning to sustainable, predictable and credible economic policy-making increasingly unlikely under Erdoğan
Categories Company & Industry Finance HIGHLIGHTS Turkish Banks: Sensitivity of capital ratios to currency and asset quality Cem CetingucPosted on24 May, 2023 We update our interactive spreadsheet to stress test capital positions with Q1 results: HSBC’s year-end … Continue ReadingTurkish Banks: Sensitivity of capital ratios to currency and asset quality
Categories Finance HIGHLIGHTS Turkey CDS signals distress, Eurobonds suffer steep sell-off Atilla YeşiladaPosted on18 May, 2023 New data by Central Bank of Turkey covering the week ending on 12 May revealed … Continue ReadingTurkey CDS signals distress, Eurobonds suffer steep sell-off
Categories Finance HIGHLIGHTS CHP spokesperson Oztrak explains Erdogan’s disastrous economic legacy Atilla YeşiladaPosted on17 May, 2023 As the six leaders of the Nation Alliance met behind closed doors for three hours … Continue ReadingCHP spokesperson Oztrak explains Erdogan’s disastrous economic legacy
Categories Finance HYPED Markets Central Bank of Turkey issues two new rules to stem demand for FX Atilla YeşiladaPosted on17 May, 2023 The recent re-election of Erdogan as Turkey’s president renewed concerns of a further fall in … Continue ReadingCentral Bank of Turkey issues two new rules to stem demand for FX
Categories Company & Industry Finance HIGHLIGHTS Turkish Equities: Potential winners post election Cem CetingucPosted on8 May, 2023 Identifying winners: As Turkish elections approach, we try to answer the question we are most … Continue ReadingTurkish Equities: Potential winners post election
Categories Economy Finance HIGHLIGHTS CEO of İş Bankası: ‘Inflation problem will be around for a while’ Cem CetingucPosted on1 May, 20231 May, 2023 The CEO of İş Bankası, Hakan Aran, stated that the inflation problem cannot be resolved … Continue ReadingCEO of İş Bankası: ‘Inflation problem will be around for a while’
Categories Finance HIGHLIGHTS Markets Turkish Private Banks: Skewed risk reward Cem CetingucPosted on24 April, 2023 Valuations don’t look very tempting in the context of macro uncertainty With this note, we … Continue ReadingTurkish Private Banks: Skewed risk reward
Categories Business Finance HIGHLIGHTS Foreign investors circle Turkey skies, waiting for “orthodoxy” Atilla YeşiladaPosted on21 April, 2023 International investors are looking to increase investments in Turkey, notably in mergers and acquisitions, as … Continue ReadingForeign investors circle Turkey skies, waiting for “orthodoxy”
Categories Finance HIGHLIGHTS Turkey Must Hike Rates After Elections. Who Will Get Spanked Bad? Atilla YeşiladaPosted on21 April, 2023 Turkey must hike rates after elections. Who will get spanked bad? Turkish inflation is running … Continue ReadingTurkey Must Hike Rates After Elections. Who Will Get Spanked Bad?
Categories Economy Finance HIGHLIGHTS IIF Turkey Trip Notes: Kilicdaroglu may win, tough times await the new government Atilla YeşiladaPosted on18 April, 2023 This note summarizes the key takeaways from our meetings with public and private sector institutions … Continue ReadingIIF Turkey Trip Notes: Kilicdaroglu may win, tough times await the new government
Categories Economy Finance HIGHLIGHTS Markets 3 Inflation-Addressing Approaches, Varying in Effectiveness Cem CetingucPosted on17 April, 202317 April, 2023 Turkey has long had a hyperinflation problem, but that doesn’t mean that its central bank … Continue Reading3 Inflation-Addressing Approaches, Varying in Effectiveness
Categories Business Finance HIGHLIGHTS ANALYSIS: Business people ask: Which interest rate; which exchange rate? Atilla YeşiladaPosted on17 April, 2023 The spread between the official exchange rate is opening wide vs “the market rate”, as … Continue ReadingANALYSIS: Business people ask: Which interest rate; which exchange rate?
Categories Finance HIGHLIGHTS JP Morgan: TL will crash regardless of election results Atilla YeşiladaPosted on15 April, 2023 Turkish press loves to share exchange rate forecasts by international investment banks. Over the last … Continue ReadingJP Morgan: TL will crash regardless of election results
Categories Finance HIGHLIGHTS Prof Hakan Kara: Rate hikes will jeopardize banks’ capital adequacy Atilla YeşiladaPosted on15 April, 2023 Low-interest bonds erode capital adequacy of banks, claimed former research head of Central Bank of … Continue ReadingProf Hakan Kara: Rate hikes will jeopardize banks’ capital adequacy
Categories Finance General HIGHLIGHTS Turkey’s 2023 Growth Forecast Revised Up to 2.6% by UNCTAD Cem CetingucPosted on14 April, 2023 Central banks’ interest rates hikes will cost developing countries more than $800 billion in ‘foregone … Continue ReadingTurkey’s 2023 Growth Forecast Revised Up to 2.6% by UNCTAD
Categories Company & Industry Finance HIGHLIGHTS Turkey Food Retailers: Margin pressure but growth momentum maintained Cem CetingucPosted on14 April, 2023 Short-term pressure: We expect to see higher gross and EBITDA margin pressure for all food … Continue ReadingTurkey Food Retailers: Margin pressure but growth momentum maintained
Categories Finance HIGHLIGHTS Markets Video Commentary: Turkish Lira After Elections: Will It Crash, or Soar? Atilla YeşiladaPosted on10 April, 2023 Turkish Lira after elections: Will it crash, or soar? Turkey’s dual elections scheduled for … Continue ReadingVideo Commentary: Turkish Lira After Elections: Will It Crash, or Soar?
Categories Finance General HIGHLIGHTS Can Mehmet Simsek rescue the Turkish economy? Atilla YeşiladaPosted on9 April, 2023 Turkish President Recep Tayyip Erdogan said the market-friendly former finance minister Mehmet Simsek is leading … Continue ReadingCan Mehmet Simsek rescue the Turkish economy?
