Bank of America

Türkiye's DenizBank secured $2.3 billion in financing through three separate syndicated loans in 2024, marking the highest syndicated loan volume in the country's banking sector for the year.

The third syndication loan of the year was finalized with the participation of 54 financial institutions from 23 countries, garnering 139 percent oversubscription, the bank said in a statement.

Finance Minister Mehmet Şimşek will be in the United States this week for G20 and World Bank meetings, and he is also expected to meet with investors during his visit.

In 2024, it was another good year for the world’s “billionaires” club. Their combined fortune grew by $370 billion – an amount greater than the value of a banking giant like Bank of America ($308 billion).

In the early hours of Friday trading, the price of gold surged to an unprecedented peak, nearing the 2,400 USD per ounce mark. This remarkable uptick comes amidst sustained acquisitions of the precious metal by central banks, especially China, and its enduring status as a haven investment amid escalating geopolitical uncertainties.

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic met on Wednesday with a delegation of international investors visiting the Western Balkans.

The meeting was organised by the Bank of America (BOA).

Financial consultants UBS, Goldman Sachs and Bank of America are conducting critical consultations on the intentions of potential investors in relation to the price they are willing to pay for 27% of Piraeus Bank on behalf of bank bailout fund HFSF. 

After Goldman Sachs increases its earning per share (EPS) estimates for the Turkish banks in its coverage earlier this month, this time Bank of America (BofA) lifted its EPS for Turkish lenders.

"We continue to have a positive view on Turkish private banks," BofA said in a report released on Feb. 19.

Türkiye ranked 10th in the world in terms of public offerings (IPO) launched, according to a recent report by Ernst & Young (EY).

A total of 52 IPOs were launched, corresponding to 4 percent of global public offerings, EY's Global IPO Trends 2023 report said.

Recovery in the Turkish banking system's core spreads and an improved fee base will continue to support revenues, the Bank of America (BofA) has said in a recent report, adding that it sees asset quality risks as manageable.

"Normalization" is probably the best word to describe the ongoing dynamics in the Turkish banking system, the authors of the report said.