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Moody’s downgrades credit rating for 18 Turkish banks

Moody’s on Tuesday cut the credit rating of 18 Turkish banks, the Diken news website reported. State lenders such as Ziraat Bank, Halkbank and Vakıfbank along with private...
Business

Turkey’s state banks to inject $4.9 bln to support exporters: minister

Turkey’s state banks will provide a 30 billion lira ($4.9 billion) financing package to help bail out exporting sectors such as manufacturing that were...
Business

[UPDATE] Turkish state banks sell $4.5 billion dollars to boost lira’s value: report

Turkish state banks sold around $4.5 billion last week, two sources told Reuters, including in a flurry of selling late on Friday, to support...
Business

$1.8 billion transfer from Turkey’s Unemployment Fund to state banks

Presidential spokesperson İbrahim Kalın on Wednesday confirmed that TL 11 billion (approximately $1.8 billion) was transferred from the Unemployment Fund to three state-run banks,...

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