Latest articles from Turkey

Turkey election teaser

Turkey seeks route out of economic malaise

May 1, 2019

Turkey's economy has fallen into recession, inflation rates are high and concerns are being raised about the president's approach. The Banker assesses the options the country has.

Ankara teaser

Erdogan looks to banks as Turkey teeters into recession

May 1, 2019

With Turkey's economy in a downturn, the interventionist Erdogan government is keen for state and private banks to provide cheaper credit. 

Erdogan teaser

Turkey’s banks brace as Erdoğan’s new economy creates tremors

September 3, 2018

Strained international relations and the economic interventions of its president are denting confidence in Turkey's economy, putting pressure on its banks.

Turkey economy teaser

Can Turkey avoid an economic crisis?

September 3, 2018

Turkey's economy has been hit by a plummeting lira, populist policies from its president and a tariff war with the US. The Banker looks at its prospects.

Halkbank teaser

Is the party over for Turkey's banks?

April 3, 2018

Turkey’s banks enjoyed a bumper year in 2017, but a combination of foreign currency debt, internal strife and strained relations with the US could spell the end for the good times. Tom Stevenson reports.

Turkey overheating teaser

Is Turkey's economy at risk of overheating?

April 3, 2018

Amid rumours that Turkey’s president Recep Tayyip Erdogan may be bringing elections forward to mid-2018, observers fear a pumped-up ‘campaign economy’ will overheat. Tom Stevenson reports.

Turkey notes teaser

Turkey builds recovery on credit with an eye on elections

September 1, 2017

The Turkish government has launched a bold stimulus programme aimed at lifting the economy out of its slump ahead of coming elections, but at what long-term cost to the nation’s finances? Tom Stevenson reports.

Halkbank teaser

Turkey’s banks under pressure to lead recovery

September 1, 2017

After 2016’s coup attempt in Turkey, president Recep Tayyip Erdoğan has tightened his grip on power. While some banks say his economic stimulus programme has benefited them, others believe his interventions, such as calls for rate cuts, represent a political risk. Tom Stevenson reports.

Ziraat Bank teaser

Turkish banks wait for stability

May 2, 2017

With last year’s failed coup followed by a radical change in powers for Recep Tayyip Erdogan’s government, uncertainty is the watchword for Turkish banks. With a tumbling currency and pressure to cut interest rates, their outlook looks set to remain challenging. David O’Byrne and Stefanie Linhardt report.

Gökhan Mendi teaser

Turkey’s TEB reaps online early-mover reward

May 2, 2017

As one of the first banks to venture into digital banking in Turkey, Turkiye Ekonomi Bank is enjoying the benefits of early investment, as Gökhan Mendi, senior assistant general manager, retail and private banking group, tells David O’Byrne.

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