Hüseyin Aydın

Turkey's banking system may face "serious problems" with profitability if loan demand continues to weaken, Hüseyin Aydın, the chief executive of state-run Ziraat Bank and the head of the Banks Association of Turkey (TBB), said on Oct. 27, Reuters reported. 

All people probed for insulting the president have been released following President Recep Tayyip Erdoğan's decision to withdraw such cases, his lawyer Hüseyin Aydın has said.

Aydın said more than 10 people had been released as a result of a statement by Erdoğan on July 27 that he would withdraw the insult cases he had launched.

Turkey's state-owned Ziraat Bank saw profit surge by 13 percent in the third quarter compared with the same period of 2014, the bank said in a statement late Nov. 4.

The bank's profit reached 1.152 billion Turkish Liras ($402 million), up from 1.02 billion liras ($35.6 billion) in the third quarter of last year.

Ziraat Bank, the largest state bank in Turkey, is not under any political pressure, contrary to reports, General Manager Hüseyin Aydın has told daily Hürriyet.

Aydın said Ziraat did not provide credit upon the government's request, denying such claims in the media.