Turkish banks report the best-performing stocks in Europe

The growth of credit in Turkey has suffered in the past few years, though it showed more dynamism last year.

by Barbara Pianese

Share the article

Turkish lenders held three of the top five spots in a ranking of the best-performing European bank stocks in 2023, according to S&P Global Market Intelligence.

A weak national currency and rising inflation have made Turkish assets more attractive to investors. Meanwhile, the government is moving to a more orthodox monetary policy.

To continue reading, join our community and benefit from

In-depth coverage across key markets
Comments from financial leaders and policymakers worldwide
Regional/country bank rankings and awards

Activate your free trial

Barbara Pianese

Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.