Loan volume of Turkish banking sector increases to TL 1 trillion 961 billion in July

According to the weekly bulletin of the Banking Regulation and Supervision Agency (BRSA /BDDK), the loan volume of the sector increased by TL 2 billion 907 million in week which ended with July 21. In the mentioned period, total loan volume increased from TL 1 trillion 958 billion 631 million to TL 1 trillion 961 billion 538 million. In this period, More...

by Editor | Published 12 hours ago
By Editor On Thursday, July 27th, 2017
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PM to representatives of German companies: “We see you as companies of Turkey”

Conflict between Germany and Turkey regarding some political issues to include implementation of democracy in Turkey has been observed as a threat to the business ties between two countries, for a while. It is More...

By Editor On Wednesday, July 26th, 2017
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Experts forecast further depreciation in Turkish Lira in second half 2017

Experts say any signals to reduce the balance sheet at today’s Fed meeting or disagreements between FED members could be very critical in terms of pricing. On the other hand it could also be critical to hear More...

By Editor On Wednesday, July 26th, 2017
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Turkey receives substantial amount of investments from Gulf region

The direct investment in Turkey from the Gulf countries increased by 397 percent in January-May this year compared to the same period last year. In the same period, the amount of investments from the Near and Middle More...

By Editor On Tuesday, July 25th, 2017
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In first half 2017 automotive sector makes 78.24 percent of its exports to EU

In the first half of the year, the Turkish Automotive Sector made 14 billion 359 million 485 thousand dollars portion of its exports corresponding to 78.24 percent to European Union (EU) countries. The sector, More...

By Editor On Tuesday, July 25th, 2017
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Economists expect interest rates to remain fixed at Central Bank’s July meeting

The Central Bank of the Republic of Turkey is not expected to make any changes in interest rates at the meeting of the Monetary Policy Committee on Thursday, July 27th. Economists expect interest rates to remain More...

By Editor On Monday, July 24th, 2017
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Turkish Exporters Assembly conducts survey about satisfaction with Turkish export goods

The Turkish Exporters Assembly (TIM) announced the results of the Turkish Export Products Perception Survey conducted in 26 countries. TIM Chairman Mehmet BUYUKEKSI said that the rate of satisfaction with Turkish More...

By Editor On Monday, July 24th, 2017
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German Commerzbank says Turkish-German relations pose a risk for Turkish Lira

Commerzbank’s Friday report on foreign exchange and emerging markets indicated that Turkey-Germany relations pose a risk for the Turkish lira. Noting that relations between the two countries have deteriorated More...

By Editor On Monday, July 24th, 2017
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Banking sector achieves net profit of TL 2.2 billion in first 5 months 2017

In the first five months of the year, the banking sector achieved a net profit of TL 21.2 billion, an increase of 14.7% in return on equity. June profit is expected to accrue US$ 1 billion less. It was reported More...

By Editor On Monday, July 24th, 2017
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Experts say Euro US Dollar rate can see 1.20 by the end of the year

The dollar lost about 1 percent during the past week, while the euro rose by about 1.8 percent. According to analysts, the euro could see 1.20 levels against the dollar in the last quarter of the year. While the More...

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