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Following strong performance last year, many in the Turkish banking sector are looking ahead at 2020 with optimism, according to Oleksiy Soroka, Senior High Yield Credit Strategist at ING.
12 Mar 2020
2019 GDP growth was underpinned by a positive contribution from net exports at 2.3%, while domestic demand dragged down 1.4% – but in Q4 those dynamics reversed, according to BBVA report.
2 Mar 2020
Despite a strong recovery since the economic crisis of 2018, Turkey is not out of the woods yet. Binging on cheap credit may have pulled the economy out of recession for now, stimulating key sectors and driving consumption, but it leaves the lira vulnerable, according to a recent report by Fadi Hakura, Turkey Specialist and Manager of the Turkey Project at Chatham House.
20 Feb 2020
A successful no-confidence motion against Romania’s government has raised the prospect of early elections and may usher in a period of political instability, but the market has reacted relatively well according to ING emerging market strategist Trieu Pham.
7 Feb 2020
Nova Kreditna banka Maridor, Slovenia’s second-largest bank is planning to issue a EUR90.4mn subordinated bond – the bank’s first foray into the international capital markets since its 2013 default and subsequent privatisation.
6 Feb 2020
An FI bond’s record price tightening, a new issuer from the CIS, a USD-denominated perp from a major Russian lender and three Turkish issues have blown the CEEMEA bond markets wide open.
5 Feb 2020
Global and domestic tensions that could threaten policy continuity, asset quality deterioration, and shifting emerging market investor sentiment remain to remain the dominant risks for emerging market banks in 2020, says S&P Global. Turkey remains particularly vulnerable.
27 Jan 2020
It was the first subordinated bond by a Turkish FI this year.
21 Jan 2020
After the volatility and crises that shook Turkey’s markets last year, the country’s economy has been on the road to recovery throughout 2019. While low global rates are pushing investors to hunt for yields in the Turkish market among others, many are also facing growing pressure to incorporate environmental, social or governance (ESG) considerations into their portfolios – which means those…
17 Jan 2020
Large firms often fear getting outshone by their smaller and more nimble rivals, but Sabanci Holding – one of Turkey’s largest industrial and financial conglomerates – has recently emerged from a period of deleveraging to go on the offensive, making a series of strategic acquisitions and capitalising on emerging market opportunities that place technology at the centre of its growth strategy over…
19 Dec 2019