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.
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.
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
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.
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.
* Tens of billions of dollars of bad debt lingers from
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.
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.
* Regulator asked banks 'one last time' to deal with soured
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.