News Turkey Banks: Turkey gets a foreign bank makeover
ONCE UPON A time the Turkish banking sector was exactly that – almost entirely Turkish in character. In the 1980s there were only a few foreign banks in the country’s financial services sector, which ...
News Turkey Banks: Turkey's central bank raises interest rate less than expected, to 17.5%
Turkey's central bank on Thursday hiked its key interest rate by 250 basis points to 17.5%, coming in below analyst forecasts. "Terrible decision and I think a mistake. Again under-delivering," one ...
News Turkey Banks: Turkey's central bank hikes key interest rate to 35%
Turkey hiked its key interest rate from 30% to 35%, in line with forecasts by economists. The central bank said it would strengthen monetary tightening in a "timely and gradual manner" until the ...
News Turkey Banks: Turkey appoints new central bank leader who aims to curb inflation through interest rate hikes
Hafize Gaye Erkan, the first woman to lead Turkey's central bank, has resigned after facing allegations of nepotism and media scrutiny. Fatih Karahan, appointed as Erkan's replacement, has suggested a ...
News Turkey Banks: Turkey’s banks sweat the small stuff
At the start of the decade, the sweet spot for Turkey’s banks was unquestionably retail lending. Margins were high, growth was stellar and consumer appetite seemingly insatiable. Then in 2013, alarmed ...
News Turkey Banks: No Fear for Spanish Bank Doubling Down on Turkey
You might think Spanish bank BBVA SA is pushing the principle too far with its offer to buy all the shares it doesn’t own in its Turkish subsidiary, Türkiye Garanti Bankası. In truth, however, BBVA ...
News Turkey Banks: Turkey’s Central Bank to keep interest rates at same value of 14 percent
Based on a panel of economists questioned in a survey by Anadolu Agency on Friday, the Turkish Central Bank is predicted to keep interest rates at th ...
