Fitch: Turkish banks still resilient to economic shocks

EPA Photo International credit rating agency Fitch Ratings expects Turkish banks to have continued resilience to economic shocks as they still retain reasonable capitalization and liquidity, Fitch Financial Institutions Director Lindsey Liddell said Tuesday. Evaluating Turkish banks’ outlook for Anadolu Agency, Liddell said the agency expects their performance to remain

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Turkey’s Central Bank cuts upper band another 50 base points

Turkey’s Central Bank cuts upper band another 50 base points NEVDIL ŞAHIN ISTANBUL The Central Bank of the Republic of Turkey (CBRT) reduced the upper band of the interest rate corridor (the marginal funding rate) 50 base points from 10 percent to 9.50 percent, while leaving the policy rate (one-week

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US giant Verifone acquires stake in Turkish company

Dinçer Gökçe – ISTANBUL U.S.-based Verifone has acquired a stake in Turkish technology company Panorama, a majority stake of which is owned by the son of the Forestry and Water Affair Minister Veysel Eroğlu, according to sources close to the matter. Panorama, which was launched by Mehmed Eroğlu along with

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Direct investment in Turkey increased 32 pct in 2015

 Istanbul- Direct investment in Turkey increased 32 pct in 2015: ISPAT report Direct international investment in Turkey increased 32 percent in 2015, amounting to $16.6 billion, according to an annoucement released by the Prime Ministry Investment Support and Promotion Agency (ISPAT) on Thursday. The announcement also contained quotations from ISPAT’s

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