Hakan

DenizBank raises $2.3 bln in 2024 syndicated loans

Türkiye's DenizBank secured $2.3 billion in financing through three separate syndicated loans in 2024, marking the highest syndicated loan volume in the country's banking sector for the year.

The third syndication loan of the year was finalized with the participation of 54 financial institutions from 23 countries, garnering 139 percent oversubscription, the bank said in a statement.

Turkey heads to Arab League ministerial meeting for first time in 13 years, source tells Reuters

Turkey will discuss the Gaza war and ties with the Arab League when its foreign minister attends a ministerial meeting of the group in Cairo on Tuesday for the first time in 13 years, a Turkish diplomatic source said on Monday.

Lower interest rates expected to trigger new housing projects

Developers are waiting to see and analyze the direction loan rates will take in 2025 before launching new projects in the housing market, which has experienced a plunge in sales for months.

Currently, both consumer and construction companies are in the wait-and-see mode in an environment of high inflation and high interest rates.

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