Latest articles from Metin Demirsar

Ferit Sahenk

Acquisition drives regional ambition

December 23, 2010

BBVA's acquisition of almost 25% of Garanti Bankasi will give the Turkish bank a huge boost in its efforts to become a major player in eastern Europe, the Middle East and north Africa, according to Garanti's chairman. Writer Metin Demirsar

Wealth of promise

September 29, 2010

A flourishing private banking sector is developing in Turkey, as bank and wealth managers compete for the deposits of the wealthy, causing some high-net-worth Turkish individuals and institutional investors that previously entrusted their funds to European and US banks to shift their business to domestic institutions. Writer Metin Demirsar

Private push

May 5, 2010

Turkey's privitisation programme is still moving at a rapid pace, despite a change in focus. Writer Metin Demirsar

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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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

Robust and ready

May 5, 2009

The global recession is nothing new to Turkey's bankers, who have learnt the lessons of the country's economic crisis of 2001 and are showing great resilience as their global peers falter. Writer Metin Demirsar

Who's afraid of the IMF?

May 5, 2009

The full force of the global recession has hit Turkey with falls in exports leading to job cuts. Bankers say an IMF deal would help but the government is reluctant. Writer Metin Demirsar
Recep Tayyip Erdogan, prime minister of Turkey

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