Banking News, Capital Markets, Consumer Banking, Finance, Forex, Global Finance, Investments, Islamic Finance, M&A, Online Banking, Russian Business, Scoop.it, Turkey Economy, Venture Capital, World Banking

Turkish central bank slashes rates

Turkey’s central bank slashed its key interest rate by a more than expected 425 basis points to 19.75 percent Thursday to spur a recession-hit economy, its first step away from the emergency stance adopted during last year’s currency crisis.

Source: www.dailystar.com.lb

International Business Law Firm Istanbul

Banking News, Energy, Energy Finance, Equity Finance, Finance, Global Finance, Investments, Scoop.it, Turkey Economy

Turkish Central Bank takes step to increase liquidity

The Central Bank of the Republic of Turkey (CBRT) on Saturday lowered reserve requirement ratios to provide more liquidity in domestic markets. Turkish lira reserve requirement ratios have been reduced by 100 basis points for deposits and participation funds with maturities up to 1-year, and for other liabilities with maturities up to (and including) 3-year.

Source: www.turkiyenewspaper.com

Specialist business support and legal advice in Turkey 

Banking News, Energy, Energy Finance, Finance, Global Finance, Investments, Islamic Finance, M&A, Scoop.it, SME's, Turkey Economy, Uncategorized, World Banking

Turkish Central Bank keeps interest rates unchanged – Turkish Minute

Turkey’s central bank on Wednesday ruled to keep its one-week repo rate — also known as the policy rate — constant at 24 percent, the state-run Anadolu news agency reported. The decision came in a statement from the bank’s Monetary Policy Committee (PPK),

Source: www.turkishminute.com

International Business Law Firm Istanbul 

Banking News, Capital Markets, Consumer Banking, e-commerce, Energy, Energy Finance, Equity Finance, Finance, Investments, M&A, Mergers, Scoop.it, Turkey Economy, Venture Capital, World Banking

Turkey receives $9.2B in foreign investment in 10-month

Turkey received $9.16 billion in net foreign direct investment from January to October 2018, the Industry and Technology Ministry announced on Thursday.

Source: www.thedailyturkish.com

International Business Law Firm Istanbul

Banking News, Capital Markets, Consumer Banking, Global Finance, Investments, Islamic Finance, M&A, Scoop.it, Turkey Economy, World Banking

Turkish central bank on hold as lira finds support

Central bank holds main rate in first decision after September’s aggressive tightening action. The Central Bank of the Republic of Turkey (CBRT) chose to keep its headline rate on hold today (October 25), as the Turkish economy finds a measure of stability. The decision to hold the one-week repo rate constant at 24% was in line with analysts’

Source: www.centralbanking.com

International Business Law Firm Istanbul

acquisitions, Banking News, Capital Markets, Consumer Banking, Forex, Global Finance, Investments, Islamic Finance, M&A, Mergers, Publications, Scoop.it, Turkey Economy, Venture Capital, World Banking

Turkey Relaxes Ban on Foreign Currencies for Business Agreements

Turkey announced on Saturday that it is relaxing its ban on using foreign currencies, with the country announcing exemptions for business agreements.

Source: www.financemagnates.com

International Business Law Firm Istanbul

Banking News, Capital Markets, Consumer Banking, e-commerce, Energy Finance, Equity Finance, Finance, Global Finance, Investments, Islamic Finance, M&A, Mergers, Scoop.it, SME's, Turkey Economy, Venture Capital, World Banking

Turkish banking sector posts over $6B net profit in H1

The total net profit of the Turkish banking sector hit 28.9 billion Turkish liras ($6.34 billion) in the first half of 2018, according to the Banking Regulation and Supervision Agency (BDDK) on Monday.

In the six-month period, the banking sector’s net profit saw an annual hike of 13.8 percent, up from net profit of 25.4 billion Turkish liras ($7.24 billion) in January-June last year.

Source: www.aa.com.tr

International Business Law Firm Istanbul