Latest articles from Tom Stevenson

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.

Abu Dhabi eurobonds teaser

Middle East sovereigns opt for Eurobonds to stem deficit drain

September 1, 2016

Two years of low oil prices are draining the ample state coffers of the Gulf's hydrocarbon exporters. The region's finances have been affected and sovereigns are now piling into the international bond market to plug budget deficits. Tom Stevenson reports.

Turkey remains an emerging market flyer

A mixed picture, but Turkey remains an emerging market flyer

May 2, 2016

While Turkey's economic picture is by no means rosy, due in no small part to its political uncertainty and lack of capital, the country remains one of the stronger performing emerging markets, as demonstrated by its impressive bond market activity in 2016.

Rising above Turkeys domestic woes

Turkey’s banks stay healthy amid domestic instability

May 2, 2016

Despite a slowing economy, political turbulence and currency depreciation, Turkey’s banks have remained healthy. But rising costs and falling profitability have some in the industry worried, as Tom Stevenson discovers.

Stable and spreading

Stable and spreading: Morocco's banks make their presence felt

April 30, 2015

Home to some of Africa's largest banks, Morocco has weathered both the financial crisis and regional political upheaval. Now its financial institutions are beginning to extend their reach into the rest of the continent.

Algerian banks toll as oil prices slide

Algeria's banks toll as oil prices slide

April 30, 2015

A plunge in oil prices has brought uncertainty to Algeria's banking sector, which is facing declining profitability and tightening liquidity, leading to calls for far-reaching reforms.

The north Africa attraction

Heading west: why Gulf banks are eyeing north Africa

April 30, 2015

The countries of north Africa have been proving attractive for lenders from the Gulf region for decades, but in recent years this activity has picked up, with Egypt a particularly popular destination. Tom Stevenson looks at the reasons why Gulf banks are heading west. 

FREE trial access to Top 1000 World Banks

Join our community

Global Risk Regulator

The Banker on Twitter

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.