Kuveyt Turk

Follow

Wide-ranging policy and regulatory changes have been announced in Turkey, which seem set to impact almost every line of lenders’ income statements. CET1Tier 1CARCET1Tier 1CARZiraat13.58%15.40%16.39%13.22%13.22%14.23%Halkbank9.32%11.08%13.65%10.36%10....

It is more than a little tempting to dismiss the current turmoil as just another challenge for the ever-resilient Turkish banks to face. Syria and COVID-19 may end up being just that – eventually. Headline and other risks – related to both Syria and ...

No more Buys:US charges on Halkbank raise the prospect of a sustained period of negative headlines impacting one of Turkey’s largest lenders. Based on Bloomberg data, the bank now has just three USD-denominated bonds totalling US$1.75bn and maturing ...

No more Buys:US charges on Halkbank raise the prospect of a sustained period of negative headlines impacting one of Turkey’s largest lenders. As a result, we have downgraded all Buys to Holds. Further, US authorities state that in mid-2014, ‘the then...

Re-emerged market:We have assigned recommendations to 12 Turkish banks’ bonds, ranging from Ziraat to Alternatifbank. Recently-introduced loan growth-linked reserve requirements may mean LDRs are less likely to improve significantly in the near term,...

Re-emerged market:We have assigned recommendations to 12 Turkish banks’ bonds, ranging from Ziraat to Alternatifbank. We first commented on the banking sector a year ago today. Operating revenue impacted by high swap costs:At most banks, operating re...