Akbank, Halkbank boost Q1 net profits

Turkiye Is Bankasi AS (ISCTR), Turkiye Halk Bankasi AS (HALKB) and Turkiye Garanti Bankasi AS (GARAN) led gains on the Borsa Istanbul today as bond yields headed for the biggest drop in more than 10 weeks, helping cut their funding costs. Isbank, ...

* Halkbank route stopped from Feb. 6 - sources * Finding replacement for Halkbank not easy - source * Rupee payment may help HMEL in clearing dues - sources By Nidhi Verma NEW DELHI, Feb 18 (Reuters) - India is now paying Iran only in rupees for its oil after ...

An obscure loophole allows Tehran to profit while skirting Western sanctions. Jonathan Schanzer Turkish prime minister Recep Tayyip Erdoğan has arrived in Washington, D.C. for a much-anticipated summit with President Barack Obama. The timing of the ...

The stricter US sanctions that prohibit governments or private firms selling gold to Iran will start on July 1, a US top official says, adding that they have no doubts about Turkey's gold trade with Iran A top United States official has said that ...

Turkey has begun to open the doors to giving new banking licenses after the 2001 banking crisis, with no exception for interest-free Islamic banks, called participation banks. Turkish Deputy Prime Minister Ali Babacan said at the Turkish ...

ISTANBUL - Anatolia News Agency An Istanbul court on May 10 sentenced two prominent businessmen to jail, over their misuse of loans at Pamukbank, a private bank that was sold in 2003 to state owned Halkbank. Turkish businessman Mehmet Emin ...

"A consortium of five Turkish sponsors and Italian contractor Alstaldi closed the financing for the first phase of the Gebze-Izmir toll road project on 15 March. The $1.4 billion debt came entirely from the domestic market, split equally between a ...

The Cengiz-Kolin-Limak consortium, which won a tender for two Turkish power grids late last year, has secured $2.5bn from several banks to finance the deal. With previous Turkish privatizations falling through due to funding problems, the deal ...

ISTANBUL: . As part of an initiative backed by the Islamist government, Ziraat Bank, the country's largest state-run lender, is working to set up a sharia-compliant entity. It comes less than a year after Ankara's debut sovereign sukuk. In a country ...