Latest articles from Turkey

Bold ambition or pure fantasy?

May 5, 2010

The Turkish government has plans to transform Istanbul into an international financial centre complete with specialised courts to deal with international business disputes and a carbon exchange. However, sceptics are already denouncing the project as a pipedream.

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The NPL threat to Turkey's progress

May 5, 2010

As Turkey pulls out of its economic slump, its relatively unscathed banks are ready to finance growth and are increasing lending and planning significant expansion. However, a growing problem of non-performing loans may stifle recovery and put the brakes on their ambition.

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The quest for new customers

February 1, 2010

Leading Turkish bank Garanti is the first to offer, send and receive functions of the Western Union Money Transfersm service through its own website, as Ali Fuat Erbil, assistant general manager of Garanti Bank, explains.

Ali Babacan

December 30, 2009

Ali Babacan, finance minister and deputy prime minister of Turkey

Turkey's finance minister and deputy prime minister explains how the Turkish banking system survived the financial crisis relatively unscathed and outlines the country's economic policy for 2010 and beyond.

The participation principle

December 30, 2009

Yunus Nacar, CEO of Türkiye Finans

Turkey's Islamic participation banks are becoming more ambitious, but are still looking for a model that competes more effectively with the conventional market. Writer James Gavin

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Infrastructure splurge will not be blown off course

October 5, 2009

The credit crunch may delay Turkey's extensive plans to upgrade power supplies and road networks, but it has certainly not derailed them. Writer Philip Alexander

Lessons from the past

October 5, 2009

Turkish banks, cushioned by regulations implemented in the wake of the country's financial crisis of 2001, have been largely sheltered from the recent global crisis and the majority of those listed in The Banker's 2009 rankings posted double-digit profit on capital. Writer Geraldine Lambe

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Capital markets thrive on adversity

October 5, 2009

Despite the downturn, share prices on the Istanbul Stock Exchange are soaring on the strength of the country's banks, as global liquidity and optimism return. Writer Metin Demirsar

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Turkey goes it alone

October 5, 2009

Turkey's government, led by prime minister Tayyip Erdogan, is exploring alternatives to an IMF loan to finance its budget deficit

Facing an exploding budget deficit and enormous domestic debts, the Turkish government continues to have a ravenous appetite for borrowing, but still wants to avoid funds from the IMF. Writer Metin Demirsar

ING Bank looks forward after a shaky start

August 4, 2009

Despite an adverse response from the bank's military depositors and a sharp recession in Turkey, ING Bank's CEO is planning for growth once the economy turns around. Writer Metin Demirsar

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