tag Turkish banks

Nothing Like a Threat of Treason to Make Turkish Banks Cut Rates

EghtesadOnline: For months, President Recep Tayyip Erdogan has been leaning on Turkey’s banks to give the economy a boost with easier credit. In August, he warned that failure to comply could amount to “treason.’’
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Publish Date:05/November/2016 | 06:01

Turkish Banks Price in Sovereign Cut to Junk in Loan Renewal

EghtesadOnline: Turkish banks are agreeing to higher funding costs if the country’s credit rating is cut to junk, with the premium paid by some lenders potentially set to rise more than 50 percent.
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Publish Date:21/September/2016 | 17:54

Banks Make Biggest Loan Since Turkish Coup to Back Port Project

EghtesadOnline: Six Turkish banks lent 1.02 billion euros ($1.14 billion) to a venture run by companies owned by billionaire Ferit Sahenk and businessman Serdar Bilgili for the development of Istanbul’s Galataport, the biggest financing for a project since a failed coup in July.
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Publish Date:01/September/2016 | 08:42