Categories Finance HIGHLIGHTS Türkiye: Banking Sector Outlook, 2Q 2024 Cem CetingucPosted on2 September, 2024 The slowdown in credit growth started to become more pronounced towards the end of 2Q24 … Continue ReadingTürkiye: Banking Sector Outlook, 2Q 2024
Categories Economy HIGHLIGHTS Turkey returns $5bn deposit to Riyadh as economic reforms yield results Cem CetingucPosted on29 July, 2024 Yesterday the Central Bank of Turkey confirmed that it had returned a $5 billion deposit … Continue ReadingTurkey returns $5bn deposit to Riyadh as economic reforms yield results
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 Company & Industry Economy HIGHLIGHTS Turkish Banks’ NII Conundrum Is Being Resolved Cem CetingucPosted on25 March, 202422 June, 2024 Turkish Banks’ Margin Defense Looks Solid Despite Rising Rates (Bloomberg Intelligence) — Akbank, Garanti, Isbank … Continue ReadingTurkish Banks’ NII Conundrum Is Being Resolved
Categories Economy Finance General HIGHLIGHTS EBRD invested a whopping €2.5 billion in Türkiye last year Cem CetingucPosted on25 January, 2024 The European Bank for Reconstruction and Development (EBRD) invested a record €2.48 billion in Türkiye in 2023, … Continue ReadingEBRD invested a whopping €2.5 billion in Türkiye last year
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 Economy HIGHLIGHTS Politics Turkey’s banks conduct stress tests ahead of election amid economic uncertainty Cem CetingucPosted on28 March, 202328 March, 2023 Big Turkish banks have launched internal stress tests against possible market shocks due to the … Continue ReadingTurkey’s banks conduct stress tests ahead of election amid economic uncertainty
Categories Finance General HIGHLIGHTS Markets EBRD invested €1.63 billion in Turkey in 2022 Cem CetingucPosted on26 January, 2023 The European Bank for Reconstruction and Development (EBRD) invested €1.63 billion in Türkiye in 2022, the highest … Continue ReadingEBRD invested €1.63 billion in Turkey in 2022
Categories Business General HIGHLIGHTS CBRT warns lenders against conducting forex transactions during “off hours” Cem CetingucPosted on4 November, 2022 Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting … Continue ReadingCBRT warns lenders against conducting forex transactions during “off hours”
Categories Company & Industry Economy Finance General HIGHLIGHTS Turan: Access to loan gets more difficult on a daily basis Cem CetingucPosted on30 October, 2022 Turkey’s leading TÜSİAD business association chair Orhan Turan has said that access to loan is … Continue ReadingTuran: Access to loan gets more difficult on a daily basis
Categories Company & Industry Finance General HIGHLIGHTS Turkish banks heavily concerned about new monetary rules Cem CetingucPosted on27 October, 202227 October, 2022 Turkish bank executives raised concerns with authorities this week that a year of new rules … Continue ReadingTurkish banks heavily concerned about new monetary rules
Categories Business Company & Industry Economy General HIGHLIGHTS Turkish banks are struggling to attract international investors amid rising debt Cem CetingucPosted on26 October, 2022 Turkish banks are struggling to attract international investors to take on their swelling ranks of … Continue ReadingTurkish banks are struggling to attract international investors amid rising debt
Categories Business HIGHLIGHTS HYPED Politics Turkey cuts Russian bank ties due to US pressure Cem CetingucPosted on29 September, 202229 September, 2022 Turkey’s booming wartime trade with Moscow took a giant step back on Wednesday with confirmation … Continue ReadingTurkey cuts Russian bank ties due to US pressure
Categories Business Finance HIGHLIGHTS HYPED Turkish bank stocks fall 10 percent after futures-driven rally Cem CetingucPosted on15 September, 202215 September, 2022 Turkey’s bank stocks tumbled the maximum permitted 9.9% on Wednesday, reversing a multi-week rally driven … Continue ReadingTurkish bank stocks fall 10 percent after futures-driven rally
Categories Business Finance General HIGHLIGHTS Politics Turkish banks left paralysed due to new regulations Cem CetingucPosted on13 September, 2022 Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised … Continue ReadingTurkish banks left paralysed due to new regulations
Categories Company & Industry Finance General HIGHLIGHTS Markets Unistream to launch instant money transfers to Turkey, India Cem CetingucPosted on12 September, 2022 Russian bank Unistream, which specialises in money transfers, has seen a surge in remittances since … Continue ReadingUnistream to launch instant money transfers to Turkey, India
Categories Business Company & Industry General HIGHLIGHTS Ziraat Bank secures $1.24 billion loan Cem CetingucPosted on12 April, 2022 Turkey’s Ziraat Bank said on Monday that it had secured a syndicated loan totaling $1.24 … Continue ReadingZiraat Bank secures $1.24 billion loan
Categories Business Company & Industry HIGHLIGHTS Garanti Bank shareholder rejects share price offer Cem CetingucPosted on25 March, 2022 Spanish banking group BBVA’s share price offer to achieve full control of Turkish lender Garanti BBVA, … Continue ReadingGaranti Bank shareholder rejects share price offer
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Banks: Sector Monthly Data Cem CetingucPosted on1 February, 2022 29% monthly ROE on lower provision expenses Turkish banking sector’s December net income is up … Continue ReadingTurkish Banks: Sector Monthly Data
Categories Business Company & Industry Finance HIGHLIGHTS Downgrading Turkish banks; spotlight on capital Cem CetingucPosted on1 December, 2021 Until now, resilient financial performance of Turkish banks led to us to maintain Buy/High Risk … Continue ReadingDowngrading Turkish banks; spotlight on capital
