Edition:
United Kingdom

Ebru Tuncay

Turkey's Halkbank dismisses U.S. charges, Erdogan calls them 'ugly'

16 Oct 2019

ISTANBUL Turkey's Halkbank said on Wednesday that U.S. charges against it amount to an escalation of Washington's sanctions on Ankara over its military incursion in Syria, while President Tayyip Erdogan called them an "unlawful, ugly" step.

RPT-INSIGHT-Turkey turned up heat on banks after standoff over bad loans

23 Sep 2019

* Regulator asked banks 'one last time' to deal with soured debt

Turkey turned up heat on banks after standoff over bad loans

20 Sep 2019

ISTANBUL/ANKARA Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters.

INSIGHT-Turkey turned up heat on banks after standoff over bad loans

20 Sep 2019

* Regulator asked banks 'one last time' to deal with soured debt

UPDATE 1-Turkey's big banks consider launching AMC for bad debt -sources

19 Sep 2019

ISTANBUL, Sept 19 Turkey's leading banks have discussed creating an asset management company (AMC) to house their higher-quality non-performing loans (NPLs) as a possible solution to the country's bad-debt problem, said two people familiar with the talks.

Burger King's China franchisee hires Citi for stake sale - sources

28 Aug 2019

HONG KONG/ISTANBUL Tab Food Investments (TFI), the biggest worldwide franchisee of Burger King, has asked Citigroup to help to sell a minority stake in the business in China and Turkey, a deal which could fetch at least $200 million (£163 million), two sources familiar with the matter said.

After sharp rate cut, Turkey's crisis-hit companies seek more stimulus

02 Aug 2019

ISTANBUL Turkish borrowing costs have begun falling after the central bank slashed interest rates last week, but companies say more monetary stimulus and bank lending will be needed to kick-start the recession-hit economy after last year's currency crisis.

RPT-EXCLUSIVE-Turkey's restructuring stalls as banks, government wrestle with bad debt

18 Jul 2019

By Can Sezer, Ebru Tuncay, Ceyda Caglayan and Jonathan Spicer

Exclusive: Turkey's restructuring stalls as banks, government wrestle with bad debt

17 Jul 2019

By Can Sezer, Ebru Tuncay, Ceyda Caglayan and Jonathan Spicer

Turkish banks have not yet agreed model to move bad loans off balance sheets -finance ministry

17 Jul 2019

ISTANBUL, July 17 Turkish banks have not yet agreed on a model for a fund that will remove problem loans in the construction and energy sectors off banks' balance sheets, the Treasury and Finance Ministry told Reuters on Wednesday.

World News