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Ebru Tuncay

EBRD plans swap trade in 2019 in boost to new Turkish reference

20 Dec 2019

ISTANBUL, Dec 20 The European Bank for Reconstruction and Development (EBRD) has said it will make a large overnight indexed swap (OIS) trade before year end via Turkey's new reference rate for lending, boosting a market Ankara hopes will offset a London alternative.

Exclusive: UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi - sources

23 Nov 2019

ISTANBUL/LONDON/MILAN UniCredit has struck a deal to reduce its exposure to Turkey's Yapi Kredi , three sources told Reuters, a move seen as a first step towards the Italian bank's full exit from the recession-hit country.

RPT-EXCLUSIVE-UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi - sources

23 Nov 2019

ISTANBUL/LONDON/MILAN, Nov 22 UniCredit has struck a deal to reduce its exposure to Turkey's Yapi Kredi, three sources told Reuters, a move seen as a first step towards the Italian bank's full exit from the recession-hit country.

Foreign firms eye minority stake in Turkish drug maker Sanovel -sources

19 Nov 2019

ISTANBUL, Nov 19 U.S. hedge fund York Capital is leading a trio of firms that is considering buying a minority stake in Turkish generic drug maker Sanovel, according to three people with knowledge of the talks that could lead to a deal.

REFILE-Unlu&Co says foreign funds keen to buy up Turkish bad loans

06 Nov 2019

ISTANBUL, Nov 4 Foreign investors would be interested in buying non-performing loans from Turkey's banks if Ankara makes the necessary adjustment to regulations, the chief executive of Turkish investment services and asset management group Unlu&Co said.

Turkish bankers, officials discuss easing foreign purchases of bad debt

04 Nov 2019

* Tens of billions of dollars of bad debt lingers from crisis

Actus close to launching first Turkish fund for problem loans -source

25 Oct 2019

ISTANBUL, Oct 25 Turkish asset manager Actus Portfoy is in the final stage of launching a first-of-its-kind $150-million fund with a foreign partner to invest in non-performing corporate loans, a source with direct knowledge of the effort told Reuters.

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.

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