BBVA

Spain's BBVA and Bank of Cyprus reopened the market with the issuance of the first euro-denominated contingent convertible bonds (CoCo) since the rescue of Credit Suisse in March, in what is seen as an attempt to restore confidence in the banks' riskiest debt instruments.

Spanish bank BBVA is adopting a cautious approach to Turkey and might have to set aside more money as a result of the worsening economic situation in its fifth-largest market.

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.        

Net profit more than doubled at Spanish lender BBVA in the first quarter from a year ago, as its Turkish arm, Garanti Bankasi also increases profits. 

Like Spanish peer Santander, BBVA makes more than 80 percent of its profit overseas, a model that helped it to counter a double-dip recession at home in recent years.