Many Turkish banks enjoyed record results in 2010, with high return on equity, efficient operations, strong capital ratios and falling inflation. However, changing domestic economic conditions will drive new strategies in 2011 and beyond.
World
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America's crumbling infrastructure: can private capital save it?
May 4, 2011The US is in trouble. Its infrastructure is in dire need of repair but the heavily indebted country cannot afford to pay for it. All the more surprising then that the overtures of private – and in many cases foreign – capital are being met with resistance.
Rosbank set to take its place among Russia's heavyweights
May 4, 2011The consolidation of Société Générale's Russian subsidiaries will create a universal bank with firepower, its chief executive Vladimir Golubkov explains to Brian Caplen.
Bailout forces Portuguese banks to shape up in time for a 2012 comeback
May 4, 2011Shut out of the wholesale markets, Portugal's banks are reducing their loan-to-deposit ratios and restructuring their balance sheets. If all goes well they could be back in the markets as early as next year.
Consumer debt and Basel III pose problems for Canadian banks
May 4, 2011With one of the most stable and well-capitalised banking systems in the world, Canadian banks are riding high on the back of a strong mortgage market. But will high consumer debt levels and international banking regulation restrict activity?
Angolan business offers a lifeline for Portugal's banks
May 4, 2011Portuguese banks have found that investment in its former colony Angola has provided growth at a time when its own domestic market is facing recession.
Kazakhstan privatisation drive set to kick-start local capital markets
May 4, 2011A promotion for the former head of Kazakhstan’s sovereign wealth fund suggests there is momentum behind ambitious privatisation plans in the country that could transform the local capital markets.
Ukraine, Kazakhstan and Belarus dominate CIS banking landscape
May 4, 2011In the past decade, foreign investment and natural resources wealth have transformed the banking landscape in the Commonwealth of Independent States (CIS). The Banker's latest ranking for the region shows which countries have benefited the most from this change.
End of the gold standard for US sovereign ratings
May 4, 2011Ratings agencies would lose their credibility if they did not now cast doubt on the US government’s AAA ratings.
US FATCA move leaves foreign financial institutions feeling the strain
May 3, 2011The US's Foreign Account Tax Compliance Act puts onerous burdens on foreign institutions to capture data about US clients and any clients with ownership of US assets, and to report related tax information to the country's tax authorities. For banks, it is a huge task but they had better do it well, as this is likely to be the first of many such schemes.
