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Some Turkish banks begin charging for FX withdrawals: report

Some Turkish banks have begun charging a fee to withdraw foreign currencies in cash, bankers said on Thursday, after a slide in the lira...

Turkish banks banned from some foreign currency trades after lira plunges: report

Turkish banks have been banned from performing some foreign-currency trades with UBS, Citibank and BNP Paribas as part of a series of dramatic interventions by the...

2 large Turkish banks fined for violating insurance law: report

Turkey’s Treasury Ministry fined Yapı Kredi 187.1 million lira ($31.6 million) for violating an insurance law, the private bank said on Monday, days after Akbank announced...

More than 460,000 credit card records stolen from Turkish banks, says tech company

Group-IB, a Singapore-based cybersecurity company that specializes in preventing cyberattacks, has detected a massive upload of debit and credit card records mostly related to the largest...

Turkish banks to see more asset quality weakening, says Fitch Ratings report

Turkey’s banks are set to continue suffering from exposure to troubled industries such as the construction sector and energy, the Ahval news website reported, citing a Fitch...

Turkey’s banks see 14 pct drop in net profits

The net profits of Turkey’s banking sector saw a year-on-year decline of 14 percent in the first eight months of 2019, falling to TL 32.8 billion...

Goldman Sachs interested in buying restructured Turkish loans: report

Goldman Sachs is in talks with Turkish banks and companies to buy large distressed loans following a wave of corporate restructurings in the country...

S&P: Turkish banks’ bad loans may double in next 12-18 months

Rating agency S&P Global expects the number of bad loans on the books of Turkish banks to double over the next 12 to 18...

Albayrak: Global rating agencies trying to create pessimistic view of Turkey’s banks

International rating agencies have been making intense efforts to create a pessimistic view of Turkey’s banks, Treasury and Finance Minister Berat Albayrak said on...

Moody’s downgrades 20 Turkish banks as lira weakens

Ratings agency Moody’s sounded more alarm about Turkey’s banking sector on Tuesday, downgrading 20 financial institutions and citing the increased risk of deterioration in...

Banks propose rule to speed up restructuring of company debt in Turkey

Turkish banks have proposed rules to speed up the restructuring of company debt and allow lenders to avoid booking problematic credit as non-performing loans,...

Turkey ready to establish ‘national’ credit agency, BDDK chairman says

Turkey’s Banking Regulation and Supervision Agency (BDDK) Chairman Mehmet Ali Akben said on Friday that they had adopted regulations needed for an “independent and...

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