Banks Association of Turkey

The top executives of the three Turkish state lenders - Ziraat, Halkbank and Vakıfbank - have pledged to grant loans to Turkish businesses in a bid to support economic development and increase prosperity.

General managers of Turkey's three state banks met with businesspeople in the northwestern province of Bursa on Feb. 3.

The Turkish banking sector is "very strong," said the Central Bank governor on Nov. 25 after meeting with public and private banking officials and bank CEOs.

The Turkish banking sector is also one of the most successful ones in the world, Şahap Kavcıoğlu told a group journalists after the meeting in Istanbul, Turkey's commercial capital.

Restructuring of the Turkish real sector's debts to the domestic lenders has accelerated in the past two months, according to figures from the Banks Association of Turkey (TBB).

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Debts worth 24.9 billion Turkish Liras ($2.9 billion) were restructured in May and June as part of a program launched in 2018.

Turkish private lender Akbank on July 7 apologized for a major failure in its digital systems that left thousands of customers unable to make any transactions over the internet or at the bank's branches.

Turkey's treasury and finance minister on May 28 urged major financial actors in the country to adopt a "transformative role" in its limited resources more productively and preserving its financial strength.

The Turkish Central Bank's newly appointed governor met on March 24 with the general managers of banks and discussed a range of issues including inflation, monetary policy, global developments and the demands of the banking sector.

The cash loans in Turkey increased 14 percent in the first quarter hitting as high as 3.02 trillion Turkish Liras ($441 billion), according to the Banks Association of Turkey (TBB) on May 18.

The Turkish banking sector was prepared when the economic crisis driven by the novel coronavirus struck, according to global audit and consultancy firm KPMG on May 6.

KPMG in Turkey analyzed the sectoral impact of the pandemic that shook the world.

A "Turkish House" has been set up at the venue of the World Economic Forum (WEF) in Davos, Switzerland in a bid to promote investment opportunities in Turkey.

It was launched under the guidance of the Treasury and Finance Ministry in coordination with the Banks Association of Turkey.

Turkey's banking sector remains strong enough to manage risks and maintain its positive outlook, the Banks Association of Turkey (TBB) stated on May 16.