content tagged with bank

Details of Turkey's new foreign exchange-indexed deposit account system

Details of Turkey's new foreign exchange-indexed deposit account system

The Turkish lira gained about 15 percent in value against the US dollar within hours after President Erdoğan introduced the new system.

21 December 2021

S&P Downgrades Credit Rating of 4 Banks in Turkey After Revising Turkey’s Rating to Negative

S&P Downgrades Credit Rating of 4 Banks in Turkey After Revising Turkey’s Rating to Negative

Revising its outlook for Turkey’s sovereign credit rating to negative from stable on January 27, rating agency Standart&Poor's has now also downgraded the rating of four Turkish banks; İş Bank, Vakıflar Bank, Yapı ve Kredi Bank and Garanti Bank.

1 February 2017