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Latest articles from Tom Stevenson

Turkey election teaser

Turkey seeks route out of economic malaise

May 1, 2019

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.

Ankara teaser

Erdogan looks to banks as Turkey teeters into recession

May 1, 2019

With Turkey's economy in a downturn, the interventionist Erdogan government is keen for state and private banks to provide cheaper credit. 

Erdogan teaser

Turkey’s banks brace as Erdoğan’s new economy creates tremors

September 3, 2018

Strained international relations and the economic interventions of its president are denting confidence in Turkey's economy, putting pressure on its banks.

Halkbank teaser

Is the party over for Turkey's banks?

April 3, 2018

Turkey’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.

Turkey overheating teaser

Is Turkey's economy at risk of overheating?

April 3, 2018

Amid 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 notes teaser

Turkey builds recovery on credit with an eye on elections

September 1, 2017

The 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.

Halkbank teaser

Turkey’s banks under pressure to lead recovery

September 1, 2017

After 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.

Abu Dhabi eurobonds teaser

Middle East sovereigns opt for Eurobonds to stem deficit drain

September 1, 2016

Two years of low oil prices are draining the ample state coffers of the Gulf's hydrocarbon exporters. The region's finances have been affected and sovereigns are now piling into the international bond market to plug budget deficits. Tom Stevenson reports.

Turkey remains an emerging market flyer

A mixed picture, but Turkey remains an emerging market flyer

May 2, 2016

While Turkey's economic picture is by no means rosy, due in no small part to its political uncertainty and lack of capital, the country remains one of the stronger performing emerging markets, as demonstrated by its impressive bond market activity in 2016.

Rising above Turkeys domestic woes

Turkey’s banks stay healthy amid domestic instability

May 2, 2016

Despite a slowing economy, political turbulence and currency depreciation, Turkey’s banks have remained healthy. But rising costs and falling profitability have some in the industry worried, as Tom Stevenson discovers.

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