Turkey's economy has fallen into recession, inflation rates are high and concerns are being raised about the president's approach. The Banker assesses the options the country has.
Western Europe
Latest articles from Turkey

Erdogan looks to banks as Turkey teeters into recession
May 1, 2019With Turkey's economy in a downturn, the interventionist Erdogan government is keen for state and private banks to provide cheaper credit.

Turkey’s banks brace as Erdoğan’s new economy creates tremors
September 3, 2018Strained international relations and the economic interventions of its president are denting confidence in Turkey's economy, putting pressure on its banks.

Can Turkey avoid an economic crisis?
September 3, 2018Turkey's economy has been hit by a plummeting lira, populist policies from its president and a tariff war with the US. The Banker looks at its prospects.

Is the party over for Turkey's banks?
April 3, 2018Turkey’s banks enjoyed a bumper year in 2017, but a combination of foreign currency debt, internal strife and strained relations with the US could spell the end for the good times. Tom Stevenson reports.

Is Turkey's economy at risk of overheating?
April 3, 2018Amid rumours that Turkey’s president Recep Tayyip Erdogan may be bringing elections forward to mid-2018, observers fear a pumped-up ‘campaign economy’ will overheat. Tom Stevenson reports.

Turkey builds recovery on credit with an eye on elections
September 1, 2017The Turkish government has launched a bold stimulus programme aimed at lifting the economy out of its slump ahead of coming elections, but at what long-term cost to the nation’s finances? Tom Stevenson reports.

Turkey’s banks under pressure to lead recovery
September 1, 2017After 2016’s coup attempt in Turkey, president Recep Tayyip Erdoğan has tightened his grip on power. While some banks say his economic stimulus programme has benefited them, others believe his interventions, such as calls for rate cuts, represent a political risk. Tom Stevenson reports.

Turkish banks wait for stability
May 2, 2017With last year’s failed coup followed by a radical change in powers for Recep Tayyip Erdogan’s government, uncertainty is the watchword for Turkish banks. With a tumbling currency and pressure to cut interest rates, their outlook looks set to remain challenging. David O’Byrne and Stefanie Linhardt report.

Turkey’s TEB reaps online early-mover reward
May 2, 2017As one of the first banks to venture into digital banking in Turkey, Turkiye Ekonomi Bank is enjoying the benefits of early investment, as Gökhan Mendi, senior assistant general manager, retail and private banking group, tells David O’Byrne.