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Moody’s downgrades foreign currency deposit ratings of 9 banks in Turkey to B2

Moody's Investors Service on Wednesday downgraded the long-term foreign currency deposit ratings of nine Turkish banks from B1 to B2.The banks affected by the...

Turkish gov’t approves Türk Telekom majority share transfer to creditor banks

The Turkish Treasury and Finance Ministry has given the final approval for the transfer of a majority stake in Türk Telekom to a joint...

Turkish banks apply to Competition Authority to take over 55 pct of Türk Telekom

Akbank, Garanti and İşbank have applied to Turkey’s Competition Authority (RK) to take over 55 percent of Türk Telekom, Reuters reported, citing a Thursday...

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