Finance

In the first 2 months of 2013 of Turkey, 22.4% of the total foreign trade deficit is formed by the one given to China. In January-February period, Turkey gave 3 billion 198 million dollars of deficit to China. The deficit given to 3 countries, is 7 billion 688 million dollars, creating 54% of foreign trade deficit.

According to the definition made from Turkish Statistical Institute, Turkey... Add a comment

Finance

In the banking system of Turkey, the total credits reached 835.9 billion Liras by March, 15th. The credits were at the level of 829.4 billion Liras level. The credits in the banking system of Turkey were at the level of 693.2 billion Liras by the end of 2011; while it was 805.7 billion Liras by the end of 2012. 

According to the data of Turkish Banking Regulation and Supervision... Add a comment

Finance

Economists do not expect any changes in policy interest in Turkey in Monetary Policy Committee (MPC) meeting to be held. Market expectation surveys of AA Finans started by MPC Expectation Survey. AA Finans is to continue to hold the pulse of the markets and the expectation surveys regarding macroeconomic data that seems to be leading in the upcoming period of Turkey, especially.

According... Add a comment

Finance

According to the recent analysis of Ernst & Young, Islamic banking of Turkey will reach from 31 billion dollars to 100 billion dollars by 2023. According to the analysis of Ernst & Young, the assets in the rapidly developing banking system in the world reached 1.3 trillion dollars by 19% growth in the past 4 years; while it is expected to go up to 2 trillion dollars by 2014. The... Add a comment

Finance

Total credit volume of the banking sector in Turkey increased 0.19% in the past 1 week; and it reached 829 billion 434 million Liras by March, 8th. According to the weekly bulletin of Banking Regulation and Supervision Agency of Turkey, the total credits given to financial sector increased 1.18% and became 16 billion 334 million Liras.

Total credit volume of the banking sector except... Add a comment

Finance

Odeabank General Director, Huseyin Ozkaya stated that consumer credits are not at a level of measure as they are not way too over 15% border in Turkey.  Ozkaya added that year-end growth depends on the growth of large banks and he stated that there is 812 billion Liras of credit usage at the moment and 200 billion Liras of it is consumer credits. He stated that if large banks grow 15%... Add a comment

Finance

Credit volume of the banking sector (including TCMB) March 8, 2013 at the one-week period increased by 1.7 billion liras. According to the table of the Central Bank of the banking sector's loan volume, 1 billion in the week ending March 8 total loan volume increased by 715 million liras, 782 billion, 784 billion, 336 million liras rose to 621 million liras.

 770.6 billion TL in... Add a comment

Finance

Turkish Central Bank, President, Erdem Basci stated that as long as the reforms in Medium Term Programme of Turkey are completed, the balanced growth rate of Turkey will be increased even more. Basci pointed out that low growth rate and low interest atmosphere in the world continues; and in this conjuncture, the right economic policy integration for Turkey is low interests and a balanced... Add a comment

Finance

Leading representatives of research and development in Turkey evaluated Industrial Property Law Draft. The draft is usually evaluated positively; and the representatives of the sector unite in the view that the regulation will affect foreign capital and domestic brands positively; as well as the contribution to Turkey’s competition power.

Industrial Property Law Draft will lead... Add a comment

Finance

Anadolu Industry Holding sold 70.84% share of Alternatifbank to Commercial Bank of Qatar (CBQ), capitalized by Qatar. Sale price is going to be defined according to consolidated financial tables dated as June, 30th. If the sale was under today’s conditions, the price would have been almost 830 million Liras.

The announcement regarding the fact that the negotiations between Anadolu... Add a comment