Private banks

Turkey's Banking Regulation and Supervision Agency (BDDK) on June 28 approved the purchase of private lender Denizbank by the Emirates NBD Bank PJSC (ENBD) of United Arab Emirates. 

Turkey's banking sector regulator BDDK has approved the establishment of a new investment and development bank, named Golden Global Yatırım Bankası.

Turkey's banking sector's net profit totaled 38 billion Turkish Liras ($5.94 billion) this January-August, the Banking Regulation and Supervision Agency (BDDK) has announced.

The European Bank for Reconstruction and Development (EBRD) has said it is providing a loan of 25 million euros to QNB Finans Finansal Kiralama A.Ş., a leasing subsidiary of the Turkish lender QNB Finansbank, to broaden access to finance for the country's small and medium-sized enterprises (SMEs).

Turkey's Akbank, Garanti and İş Bank have applied to the competition authority to take over 55 percent of Türk Telekom after Oger Telecom failed to make three payments on a $4.75 billion loan it secured to acquire a stake in the Turkish fixed-line operator, the competition authority has said.

Turkey’s banking sector posted a 4.5 billion Turkish Lira ($1.2 billion) net profit in January this year, the Banking Regulation and Supervision Agency (BDDK) said on March 9.

The Commercial Bank of Qatar (CBQ), which owns Turkey’s Alternatif Bank, plans to focus on organic growth in Turkey and to add more capital to their investment in the country, the group CEO has announced. 

Turkey’s Yapı Kredi Bank has announced its chief executive officer, Faik Açıkalın, will willingly retire from his position on Dec. 29 and applied to Turkey’s banking watchdog to appoint Gökhan Erün as the new CEO.

Defense giant Aselsan, 85 percent of which is owned by the Turkish Armed Forces Foundation, became the most valuable company listed on the Istanbul main stock exchange (BIST) on Nov. 14, surpassing Garanti Bank and Koç Holding early.

The value of assets belonging to companies seized by the Turkish state during the ongoing state of emergency is nearly 41 billion Turkish Liras (around $11.3 billion), Deputy Prime Minister Nurettin Canikli stated on July 7.