ISTANBUL Goldman Sachs is in talks with Turkish banks and companies to buy large distressed loans following a wave of corporate restructurings in the country last year, two sources close to the matter told Reuters.
ISTANBUL, April 17 Turkey's Halkbank
will issue debt instruments and borrow in domestic and foreign
markets to strengthen its capital base, which was left thinner
after the lender provided low-interest loans in the wake of last
year's currency crisis.
ISTANBUL A Turkish court on Thursday acquitted HSBC Turkey chief executive Selim Kervanci of a charge of insulting President Tayyip Erdogan by retweeting a video on social media at the time of nationwide protests in 2013.
ISTANBUL, March 28 Turkey's Treasury-backed
Credit Guarantee Fund (KGF), designed to stimulate the economy
by guaranteeing loans to small- and medium-sized firms, will
halt new applications from Friday, according to banking sources
and a KGF email seen by Reuters.
ANKARA/ISTANBUL Turkey will keep directing its banks to withhold lira liquidity from a key foreign market at least until after local elections on Sunday, sources said, as the government intensifies efforts to defend the currency, which plunged last week.
ISTANBUL, March 15 The chief executive of
Turkey's top mobile phone company, Kaan Terzioglu, stepped down
on Friday after nearly four years atop Turkcell
during which he sought to refocus it on more profitable digital
ISTANBUL, March 13 Turkish firm Cukurova Holding
is considering whether to seek restructuring of a $1.6 billion
loan from Ziraat Bank which it took to buy back Turkcell shares
from Luxembourg-based Letterone (L1), according to two sources.
ISTANBUL, March 6 Japanese financial services
group Orix Corp and U.S. private equity firm Bain
Capital are in talks to invest in non-performing loans
(NPLs) at Turkish banks, three sources close to the matter said.
ISTANBUL/JERUSALEM, Feb 26 Israeli lender Bank
Hapoalim said it is planning a sale of its holdings in
Turkey's Bank Pozitif.
DUBAI/ISTANBUL U.S. fund manager Franklin Templeton and Turkish private equity firm Actera are among the bidders in talks to take control of Abraaj's Turkish assets after negotiations with other buyers faltered, two sources familiar with the deal said.