Turkish banks have been banned from performing some
foreign-currency trades with UBS, Citibank and BNP Paribas as part of a series
of dramatic interventions by the...
Turkey’s Treasury Ministry fined Yapı Kredi 187.1
million lira ($31.6 million) for violating an insurance law, the private bank
said on Monday, days after Akbank announced...
Group-IB, a Singapore-based cybersecurity company that
specializes in preventing cyberattacks, has detected a massive upload of debit
and credit card records mostly related to the largest...
Turkey’s
banks are set to continue suffering from exposure to troubled industries such
as the construction sector and energy, the Ahval news website reported, citing
a Fitch...
Goldman Sachs is in talks with Turkish banks and companies to buy large distressed loans following a wave of corporate restructurings in the country...
International rating agencies have been making intense efforts to create a pessimistic view of Turkey’s banks, Treasury and Finance Minister Berat Albayrak said on...
Ratings agency Moody’s sounded more alarm about Turkey’s banking sector on Tuesday, downgrading 20 financial institutions and citing the increased risk of deterioration in...
Turkish banks have proposed rules to speed up the restructuring of company debt and allow lenders to avoid booking problematic credit as non-performing loans,...
Turkey’s Banking Regulation and Supervision Agency (BDDK) Chairman Mehmet Ali Akben said on Friday that they had adopted regulations needed for an “independent and...
