Categories Finance HIGHLIGHTS ANALYSIS: Turkish Central Bank switches to “wait and see” mode Atilla YeşiladaPosted on27 June, 2024 The Central Bank of the Republic of Turkey (CBRT) did not surprise the markets by … Continue ReadingANALYSIS: Turkish Central Bank switches to “wait and see” mode
Categories Business Finance HIGHLIGHTS Fitch ups Turkey groth estimate, banking sector outlook Atilla YeşiladaPosted on25 June, 2024 International credit rating agency Fitch Ratings has revised its growth forecast for the Turkish economy, … Continue ReadingFitch ups Turkey groth estimate, banking sector outlook
Categories Business Finance HIGHLIGHTS Simsek’s London investor meetings: Success or lingering doubts about the austerity program? Atilla YeşiladaPosted on22 June, 2024 Treasury and Finance Minister Mehmet Şimşek on Friday wrapped up his trip to London after … Continue ReadingSimsek’s London investor meetings: Success or lingering doubts about the austerity program?
Categories Company & Industry Finance HIGHLIGHTS Markets Borsa İstanbul star of Emerging Markets but rally is stalling on account of bank valuations Atilla YeşiladaPosted on2 June, 2024 Borsa Istanbul BIST-100 main index completed May at 10,400 points with an increase of 3.53 … Continue ReadingBorsa İstanbul star of Emerging Markets but rally is stalling on account of bank valuations
Categories Business Finance HIGHLIGHTS BBVA Garanti on Türkiye Banking Sector Outlook: Under pressure Atilla YeşiladaPosted on2 June, 2024 Key messages ➢ The limited acceleration ahead of the election in March was followed by … Continue ReadingBBVA Garanti on Türkiye Banking Sector Outlook: Under pressure
Categories Finance HIGHLIGHTS Markets Comment: Strong EM appetite, Mehmet Simsek turn TL assets from dog to star, but economic turn-around is not assured Atilla YeşiladaPosted on26 May, 2024 It wasn’t long ago, only in March, most EM funds shunned Turkey betting on president … Continue ReadingComment: Strong EM appetite, Mehmet Simsek turn TL assets from dog to star, but economic turn-around is not assured
Categories Finance HIGHLIGHTS ANALYSIS: Central Bank keeps door open to further rate hikes Atilla YeşiladaPosted on24 May, 2024 The CBRT maintains policy rate at 50%. In its May MPC meeting, the CBRT kept … Continue ReadingANALYSIS: Central Bank keeps door open to further rate hikes
Categories Company & Industry Finance HIGHLIGHTS Citi Research on Turkish Bank Shares: Neutral Atilla YeşiladaPosted on24 May, 2024 Turkish equities, particularly for banks, have enjoyed very strong performance since Turkey’s return to more … Continue ReadingCiti Research on Turkish Bank Shares: Neutral
Categories Economy Finance HIGHLIGHTS ANALYSIS: CBRT stays on hold, but tightens via other measures Atilla YeşiladaPosted on24 May, 2024 Intro The Central Bank (CBRT) maintained the policy rate (50%) and the range between borrowing … Continue ReadingANALYSIS: CBRT stays on hold, but tightens via other measures
Categories Economy Finance HIGHLIGHTS HSBC Research: Sentiment for Turkey is positive, again Atilla YeşiladaPosted on22 May, 2024 After speaking with investors over the past two weeks… ◆ …we note a significant improvement … Continue ReadingHSBC Research: Sentiment for Turkey is positive, again
Categories Economy Finance HIGHLIGHTS BofA Turkey visit note: 1Q pessimism out summer optimism in Atilla YeşiladaPosted on22 May, 2024 Key takeaways Tighter policy and support for the new economic program has turned both locals … Continue ReadingBofA Turkey visit note: 1Q pessimism out summer optimism in
Categories Finance HIGHLIGHTS BIST rally expected to accelerate if Turkey exits FATF grey list Cem CetingucPosted on20 May, 202420 May, 2024 Turkey’s removal from the FATF grey list and the reopening of swap channels for foreign … Continue ReadingBIST rally expected to accelerate if Turkey exits FATF grey list
Categories Finance HIGHLIGHTS New Turkey crypto bill draws international attention Cem CetingucPosted on20 May, 202420 May, 2024 Turkish President Tayyip Erdogan’s ruling party has introduced a draft law to parliament, mandating licensing … Continue ReadingNew Turkey crypto bill draws international attention
Categories Atilla Yeşilada Finance HIGHLIGHTS Markets Video: Suddenly, Turkish Lira is the king of Emerging Markets Atilla YeşiladaPosted on18 May, 2024 It is a funny world we live in. Only in March, Turkey was on the … Continue ReadingVideo: Suddenly, Turkish Lira is the king of Emerging Markets
Categories Company & Industry Finance HIGHLIGHTS Petkim: Raise estimates on updated FX; fundamentals remain challenging Cem CetingucPosted on15 May, 2024 Inflation accounting: Petkim has applied TAS 29 “Financial reporting in hyperinflationary economies” in its consolidated … Continue ReadingPetkim: Raise estimates on updated FX; fundamentals remain challenging
Categories Finance HIGHLIGHTS Markets Turkey attracts $1.5B in foreign direct investment in Q1 Cem CetingucPosted on14 May, 202414 May, 2024 Foreign direct investment (FDI) flows to Türkiye stood at $1.5 billion (TL 48 billion) in … Continue ReadingTurkey attracts $1.5B in foreign direct investment in Q1
Categories Finance HIGHLIGHTS FATF Team Visits Turkey Ahead of ‘Grey List’ Decision, Sources Say Cem CetingucPosted on13 May, 2024 Adelegation from the Financial Action Task Force (FATF) conducted meetings with Turkish authorities last week, … Continue ReadingFATF Team Visits Turkey Ahead of ‘Grey List’ Decision, Sources Say
Categories Business Finance HIGHLIGHTS Major Turkish lender rejects new Russian accounts Atilla YeşiladaPosted on11 May, 2024 Turkish Deniz Bank – one of the largest in the country, has significantly tightened the … Continue ReadingMajor Turkish lender rejects new Russian accounts
Categories Company & Industry Finance HIGHLIGHTS 1Q24 Banking Sector Earnings Preview Cem CetingucPosted on30 April, 2024 Banks will start to disclose their Q1 24 financials with Garanti before the market open … Continue Reading1Q24 Banking Sector Earnings Preview
Categories Finance General HIGHLIGHTS Mehmet Simsek refutes spat with Erdogan, wows to pursue austerity measures Atilla YeşiladaPosted on17 April, 2024 Turkey’s Treasury and Finance Minister Mehmet Şimşek has denied allegations of a “crisis” between him … Continue ReadingMehmet Simsek refutes spat with Erdogan, wows to pursue austerity measures
