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Ebru Tuncay

Goldman Sachs in talks to buy restructured Turkish loans: sources

2:42pm BST

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.

Turkey's Halkbank to boost capital with new debt and borrowing

17 Apr 2019

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.

Turkish court acquits HSBC Turkey CEO of insulting President Erdogan

11 Apr 2019

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.

UPDATE 1-Turkey's Credit Guarantee Fund to end new applications - banking sources

28 Mar 2019

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.

Turkey to shore up lira via tight supply through elections - sources

27 Mar 2019

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.

UPDATE 1-Turkcell CEO Terzioglu steps down after four years

15 Mar 2019

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 businesses.

Cukurova Holding may seek restructure of $1.6 bln loan from Ziraat Bank-sources

13 Mar 2019

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.

Japan's Orix, Bain Capital in talks to buy problem Turkish loans - sources

06 Mar 2019

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.

Israel's Bank Hapoalim planning sale of stake in Turkey's Bank Pozitif

26 Feb 2019

ISTANBUL/JERUSALEM, Feb 26 Israeli lender Bank Hapoalim said it is planning a sale of its holdings in Turkey's Bank Pozitif.

Franklin Templeton, Actera eyeing Abraaj's Turkey funds: sources

11 Feb 2019

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.

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