IS Bank

İş Bank, one of the largest private lenders in Türkiye, has marked the 100th anniversary of its foundation with a two-day international conference featuring distinguished figures who shared their insights on the global and Turkish economic landscape.

Britain has sanctioned five Russian banks and three oligarchs close to President Vladimir Putin.

This became clear from the statement of Prime Minister Boris Johnson before the House of Commons.

Boris Johnson Promised to Strike Russia Significantly

İş Bank, one Turkey's largest private lenders, has said it signed a syndicated loan agreement in the amount of 644.9 million euros (some $ 722 million) and $323.5 million with a maturity of 367 days.

Turkey's Akbank, Garanti and İş Bank have applied to the competition authority to take over 55 percent of Türk Telekom after Oger Telecom failed to make three payments on a $4.75 billion loan it secured to acquire a stake in the Turkish fixed-line operator, the competition authority has said.

A leading British consultancy named Türk Telekom on June 14 as Turkey's most valuable brand for 2017.        
According to the London-based Brand Finance valuation consultancy's list of top 100 Turkish brands for the year, the integrated telecommunications service provider topped the list with a brand value worth more than $2.6 billion.        

Turkey's banking sector loan growth may exceed 15 percent this year, lower than an expectation of some 20 percent, Iş Bank chief executive Adnan Bali said on May 24, adding Credit Guarantee Fund-backed (KGF) loans may slow down in the rest of the year.

One of the key factors exhausting Turkey's economy is ongoing uncertainties, the head of Turkey's largest listed lender has said, adding that it will be important as to whether Turkey will focus on another date after the April 16 referendum.

Moody's Investors Service has taken rating actions on 17 Turkish banks, changing the ratings outlook from stable to negative on 14 of the lenders.

The ratings of one additional bank were also downgraded with a negative outlook, while the ratings of two other banks were affirmed with outlooks unchanged.

Turkey's leading lenders have announced interest rate cuts in loans one-by-one, as the government calls for banks accordingly to "boost economic activity," ahead of a key meeting between Prime Minister Binali Yıldırım and top bank representatives late on Nov. 1. 

The European Bank for Reconstruction and Development (EBRD) has said it is providing $55 million in new funds to Turkish lender İş Bank to finance private companies investing in renewable energy and resource efficiency projects in Turkey, in a written statement on Oct. 25.