turkish bank

Turkish government officials are careful in their public statements regarding the results of the U.S. presidential elections to avoid leaving room for misinterpretations from Washington and to prevent possible shadows on their relations with the new president, whoever that may be.

The operating environment for Turkish banks has improved in recent months due to more orthodox macroeconomic policies driving a reduction in macroeconomic and financial stability risks and increased investor confidence, Fitch has said in a report.

Fitch Ratings has revised its outlook for the Turkish banking sector from neutral to improving, citing reduced financial risks and increased investor confidence following the country's adoption of more conventional economic policies.

In the wake of the high-profile arrest of Turkish influencer Dilan Polat and her husband on charges of money laundering and tax evasion, the Treasury and Finance Ministry has established a team to investigate social media figures.

The move comes as authorities intensify efforts to combat financial crimes within the influencer community.

The United States International Development Finance Corporation (DFC), which is the U.S. government's development finance institution, and a Turkish bank have executed a finance agreement for a $100 million loan for the development of the provinces affected by the Feb. 6 earthquakes.

Deputy defense ministers of Ukraine, Russia and Türkiye are expected to meet in Istanbul on May 5 for talks on extending the Black Sea Grain Initiative, Defense Minister Hulusi Akar said on May 3.

Recalling his recent meetings with Russian Defense Minister Sergei Shoigu and Ukraine's Infrastructure Minister Oleksandr Kubrakov, Akar said both sides were warm on extending the deal.

The Treasury and Finance Ministry has made a tax deduction of about 90 million Turkish Liras from more than 10,000 YouTubers.

A simple taxation procedure has been introduced for those who produce content on social media and develop mobile applications.

Central Banks of Turkey and Uzbekistan have signed an agreement to boost cooperation, the Turkish bank announced on Aug. 17. 

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The memorandum of understanding (MoU), signed on Aug. 2, will lay the groundwork for continued collaboration between the two sides in the field of central banking, the statement said.

Private lender İşbank on May 27 announced that it became the first Turkish bank to offer payment guarantee in foreign trade using blockchain technology.

The Development and Investment Bank of Turkey announced June 2 it signed a deal with the World Bank to enhance conditions for formal job creation in Turkey.