Latest articles from Turkey

Survival built on trust

September 29, 2010

Over the past eight years, Yapi Kredi has been taken over by Turkey's banking regulators, sold and then merged with a smaller bank, yet it still emerged from the recent global financial crisis in robust shape. The secret, according to its CFO, is looking after the customers. Writer David O'Byrne

A smooth transition

September 29, 2010

The lack of fuss surrounding GE Money's sale of its 21% share of Turkey's Garanti Bank is a testament to the bank's strong performance and the trust engendered by the country's banking regulator. Writer David O'Byrne

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A simple plan

September 29, 2010

Is Bank, Turkey's largest private bank, has an unconventional boardroom make-up and an unusual business portfolio. However, it is the bank's focus on conventional banking that has seen it emerge from the crisis in good health and in a position to expand beyond its domestic borders. Writer David O'Byrne

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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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

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