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
Western Europe
Latest articles from Western Europe
Lessons from the past
October 5, 2009Turkish 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
Capital markets thrive on adversity
October 5, 2009Despite 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
Turkey goes it alone
October 5, 2009Turkey'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
World
/ Western Europe
/ UK
Sir Winfried Bischoff
October 5, 2009Sir Winfried Bischoff, chairman of Lloyds Banking Group
The UK is positioned to play a key role in assisting the development of new and emerging financial centres.
World
/ Western Europe
/ Spain
Bad times increase merger activity among Spain's cajas
September 2, 2009The collapse in Spanish property prices and the rise in loan defaults and toxic assets has left the cajas - the 45 mutuals responsible for more than half of the country's mortgage lending - staring consolidation in the face in a bid for survival. Writer Jules Stewart
ING Bank looks forward after a shaky start
August 4, 2009Despite 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
Rabobank's 'Rhineland' approach pays off
August 4, 2009Demonstrating the merits of the co-operative structure, The Netherlands' Rabobank has performed stronger in the crisis than many commercial banks enticed by high-profit yet high-exposure investment banking practices. Writer Brian Caplen