Halkbank

Turkish state-owned lenders Ziraat, Vakıfbank and Halkbank have lowered loan interest rates between 50 and100 basis points on Nov. 19.

After the Central Bank cut its benchmark rate from 16 percent to 15 percent on Nov. 18, the three banks decided to follow suit.

A court in Ankara has sentenced Enver Altaylı, a former official of the National Intelligence Organization (MİT), to a total of 23 years in prison for "political and military espionage" and membership to a terrorist organization.

Altaylı was detained and arrested in 2017 as part of an investigation into the FETÖ, which was responsible for the failed coup attempt in 2016. 

Home sales are expected to receive a boost following state-lenders' decision to slash interest rates, according to representatives from the sector.

After the Central Bank's decision last week to reduce the key policy rate by 200 basis points, three state-owned lenders, namely Ziraat Bank, Halkbank and Vakıfbank, this week cut interest rates on loans, including housing loans.

Turkey's seven largest banks have sufficient short-term foreign currency (FC) liquidity to service FC debt during the event of a brief market closure, Fitch Ratings said on Sept. 23 in a report. 

Turkey has managed economic difficulties arising from the pandemic well, President Recep Tayyip Erdoğan said on Sept. 16.

Banks operating in Turkey have been obliged to submit a new long-term credit strategy plan and establish a separate unit to oversee it, according to a revised banking regulation published in the Official Gazette yesterday.

Turkey's Halkbank on April 12 urged a U.S. appeals court to dismiss a case over alleged violations of sanctions on Iran.

Arguing before the U.S. Court of Appeals for the Second Circuit, Halkbank lawyer Simon Latcovich said US prosecutors have no jurisdiction over the bank, as it is immune under the U.S.' Foreign Sovereign Immunities Act.

Τα σενάρια για τα επόμενα βήματα του Τούρκου προέδρου - Πονοκέφαλος και η δίκη Halkbank

Arda Ermut has been appointed as the new general manager of the Turkey Wealth Fund (TWF) after Zafer Sönmez was dismissed, according to the Official Gazette early on March 9.

Three major conventional state-run banks in Turkey - Ziraat, VakıfBank, and Halkbank - posted 15.43 billion Turkish liras ($2.1 billion) in net profit last year.

The banks' net profit rose from around 10.5 billion Turkish liras ($1.8 billion) in the previous year, according to data compiled by Anadolu Agency from unconsolidated balance sheets and the country's banking watchdog.