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Turkish banks profits rise 40 percent last year
Turkish banks’ net income increased by 40 percent last year from 2022 to stand at 603.6 billion Turkish Liras ($19.9…
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Turkiye: Banks likely to loosen business loan lending standards
Turkish lenders are likely to ease lending standards on loans to enterprises in the first quarter of 2024, a Central…
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Turkiye: Auto sales likely to lose momentum next year
Auto sales are expected to decline between 35 percent to 40 percent next year after hitting a record level in…
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The alternative guarantee types that Turk Eximbank will provide to exporters have been announced
Ali Guney, General Manager of Turkiye Export Credit Bank (Turk Eximbank), regarding the “alternative types of guarantees to be provided…
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Assets of banks reached ₺21.1 trillion in September in Turkiye
The asset size of the Turkish banking sector increased by 47.1% in the September 2023 period compared to the end…
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Net profit of Turkish banking sector up 52.5% in January-September
Total assets of sector reach $772.9B as of end-September, up 61.1% year-on-year Türkiye’s banking sector posted a net profit of…
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Net profit of Turkish banking sector up to $9.7B in H1
Banking sector’s net profit up by 47.9% year-on-year in Jan-June period Turkiye’s banking sector posted a net profit of 250.3…
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Turkish Central Bank facilitates exporters’ access to finance
Bank 5-folds daily limit of rediscount loans providing finance for exports The Central Bank of Turkiye five-folded the daily limits…
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Turkish banks post $9.2B net profit in January-May
Total assets of banking sector tops $843.5B as of May, says banking watchdog Turkish banks posted a net profit of…
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Turkiye: Business circles welcome rate hike decision
Leaders of business associations have welcomed the Central Bank’s move to hike its policy rate sharply by 650 basis points,…
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