Central Bank shares its yearly inflation forecast as 9.4 percent for end of 2021


The Central Bank which has long been wrong in its inflation and exchange rate forecasts and has frequently revised them, announced its inflation expectation for the end of 2021, at 9.4 percent. The bank had earlier announced an inflation expectation of 7.4 percent for 2020 and 5.4 percent for 2021. Central bank governor Naci AGBAL announced the first More...

by BTT | Published 4 months ago
By BTT On Saturday, January 23rd, 2021

Credit rating agency S&P confirms Turkey’s credit rating, keeping current change outlook

Despite the difficult times Turkey has been going through in terms of economy, credit rating agency S & P has confirmed Turkey’s rating at “B+”, without changing the outlook for the rating and setting More...

Istanbul Stock Market capital outflow
By BTT On Friday, January 22nd, 2021

Statement by finance company says Istanbul stock market will be stronger in 2021

According to a finance company operating in the sector, Istanbul stock market is expected to be stronger in 2021, while domestic demand and exports are expected to form the basis of growth in the economy. The company More...

Fitch Credit rating agency report about Turkey
By BTT On Sunday, November 8th, 2020

Fitch says Turkey not doing enough to strengthen lira; Interest rates likely to climb

The Chief Turkey analyst at Credit Rating Agency Fitch, warned that Turkey is not doing enough to strengthen its currency and predicted that interest rates would rise by the end of the year. Winslow told Reuters More...

By BTT On Wednesday, November 6th, 2019

Isbank retains its position as the leading private bank of Turkey, once again

İşbank (Türkiye İş Bankası) which posted TL 4.5 billion net profit on a consolidated basis retained its number one position among private banks in Turkey. The bank which made a consolidated net profit of More...

ISBANK continues to provide financial support for reel sector and household
By BTT On Saturday, February 9th, 2019

ISBANK continues to provide financial support for real sector and household

Based on a recent report ISBANK (Türkiye İş Bankası) of Turkey increased its asset size to TL 416.4 billion corresponding to an increase of 41 percent compared to the end of 2017 and maintained its leading More...

By admin On Sunday, January 29th, 2012

Garanti Bank.. World’s 53rd most valuable bank ..

Garanti Bank is Turkey’s top lender, most profitable and world’s 53rd most valuable bank. It has around 400 products, more than 17,000 employees, 808 domestic branches and nearly 3,000 ATMs. Garanti More...

By admin On Saturday, January 28th, 2012

Akbank.. One of Turkey’s leading private banks

Akbank is among Turkey’s most valuable brands. It is Turkey’s most valuable company with a US$ 24.3 billion of market value. Its consolidated assets are worth USD 71.8 billion. It has 912 branches and More...

By admin On Sunday, January 15th, 2012

Türkiye İş Bankası (Business Bank) .. Ranked within 100 out of world’s 1,000 largest banks

Isbank which ranks within first 100 among 1,000 largest banks in the world was established as the first national private bank of the Turkish Republic. According to June 2010 reports Isbank is the country’s More...

By admin On Monday, April 4th, 2011

BDO Denet Accounting & Consulting Firm

BDO DENET is an accounting and consulting firm offering a wide range of audit, tax and hospitality consulting services to meet the needs of both domestic and foreign clients. BDO Denet founding partners are all More...