CEE & Turkey
CFO View: Etisalat's Group CFO, Serkan Okandan, talks key financing challenges in the GCC and Africa
Serkan Okandan has been the Group Chief Financial Officer of Emirates Telecommunications Group Company PJSC (Etisalat Group) since January 2, 2012. Mr. Okandan served as Deputy Chief Executive Officer of Etihad Etisalat Company (Mobily) from October 2014 until July 2015 and currently represents Etisalat Group at the Boards and Audit Committees for companies in the UAE, Saudi Arabia, Pakistan and…
7 Sept 2016
Odeabank CEO Huseyin Ozkaya on Disrupting Turkey’s Banking Incumbents
Despite heightened volatility in recent months Turkey’s banking has remained remarkably resilient throughout, retaining strong levels of liquidity and manageable levels of NPLs among other things. We speak with Huseyin Ozkaya, CEO, Odeabank about the future of the country’s banking sector, and where Odeabank is looking for lending opportunities, and Basel III implementation.
31 Aug 2016
CFO View: Drilling Down into PDO’s Funding Strategy with Haifa Al Khaifi
Haifa Al Khaifi serves as Finance Director of Petroleum Development Oman, LLC. She joined the company in 1995, and currently manages the company’s capital and operational funding strategy. Haifa also serves as a Board Member and Treasurer for the Oman Society for Petroleum Services, and an Advisory Board Director for the Academic Innovation Assistance Program (AIAP) at Sultan Qaboos University.
30 Aug 2016
Turkish mortgage rate cut unlikely to significantly impact bank profitability
Despite concerns that a cut in mortgage lending rates will impact the profitability of the Turkish banking sector, fears appear to be overblown. The cut will likely only apply to a small portion of banks’ loan portfolios, and the sector remains very solid. As such, not even mortgage backed bonds are likely to be affected.
15 Aug 2016
Turkish credit activity to remain strong
The most recent inflation figures from Turkey, although high, are no surprise. The country’s fixed income space and currency have been affected by the performance of Turkey’s economy, but despite recent events, credit activity from, and foreign interest in Turkey will remain strong.
3 Aug 2016
Top Dealmaker: Cécile Camilli, Societe Generale CIB
Cécile Camilli is Head of CEEMEA DCM at Societe Generale Corporate & Investment Banking. She has more than 15 years of experience in emerging market debt. Since 2013, and is responsible for DCM origination in CEEMEA, advising Corporates, Financial Institutions and Sovereigns of the region. Cecile and her team have been winning numerous landmark mandates from issuers in Russia, Eastern Europe,…
22 Jul 2016
EM flows surge but downgrade risk persists
The week ending July 15 was the strongest week for portfolio inflows to emerging markets since the US Federal Reserve delayed quantitative easing tapering in September 2013, according to the IIF. EM investors believe we may yet continue to see strong flows as US growth continues trending higher, but EM downgrades could still throw a spanner in the works.
20 Jul 2016
Short term stability, long-term uncertainty in Turkey following coup attempt
A coup attempt in Turkey has stirred the country’s markets, sending its currency down and yields on government bonds higher. While the coup attempt was short-lived and markets seem to be calming, EM investors and analysts suggest the event could have far reaching implications for Turkish credit over the long term.
19 Jul 2016
PKO readies Euro-denominated covered bond sale
The mortgage unit of Poland’s largest lender is preparing to sell €500mn in covered bonds, according to a recent interview with PKO Bank Hipoteczny CEO Rafal Kozlowsk. Analysts suggests the move could be a sign of more covered bond deals to come out of some EMs.
14 Jul 2016
CASE STUDY: Turkey’s first Basel-III compliant Tier II sukuk
Albaraka Turk saw strong demand from the MENA region for its US$250mn Basel III-compliant Tier II sukuk, the first seen from Turkey, against a backdrop of emerging market turmoil and political volatility.
1 Jul 2016