Turkish Banking Association

Despite all global financial problems, the Turkish economy is forecast to grow by 4.5 percent in 2023, Treasury and Finance Minister Mehmet Şimşek has said, vowing to continue to take measures for monetary tightening.

The Turkish Banking Association (TBB) on April 21 elected Alpaslan Çakar, the general manager of Ziraat Bank, as its new chairman.

In a statement, TBB said elections for the chairman of the board of directors and vice chairman were held at the board meeting.

Turkish state-owned lenders have created an extra credit volume of 27.5 billion Turkish Liras (about $4 billion) in the last 10 days, the head of the country's banking watchdog has said, criticizing the private banks for the contraction of their credit pool some 5 billion liras ($737.2 million) in the same period.

Turkish banks operate in line with banking regulations, commercial practices and agreements, the president of the Turkish Banking Association (TBB) said on March 27.

Turkish clubs need to shift their focus from spending levels to income levels in order to deal with their high debts, said an expert. The big three historic clubs could design a regional branding strategy to increase their incomes, Mete İkiz told the Daily News.

Turkey's Football Federation (TFF) Chairman Yıldırım Demirören and Turkish Banking Association (TBB) Chairman Hüseyin Aydın

Deputy Prime Minister Nurettin Canikli said companies seized as part of the probe into the failed coup attempt create a serious risk for the banking sector of up to 5 billion Turkish Liras ($1.7 billion), but their administration by the state minimized the risks.

The limitation on credit card installments to pay for a number of items has been extended from nine months to 12 months to revive consumption levels. 

The Turkish Central Bank?s cautious monetary policies along with prudent fiscal and macro-prudential policies are having a favorable impact on inflation, Central Bank Governor Erdem Ba?ç? said in a presentation on April 6.

The Turkish Banking Association expects profits in the banking sector this year to be at around the same levels as last year, General Secretary Ekrem Keskin told reporters on Aug. 19.

Turkey’s banks had a total net profit of 24.73 billion Turkish Liras ($11.42 billion) at the end of 2013, up 5.1 percent on the previous year.