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9 articles for Odea Bank
Odeabank: Q1 results highlights
A better bottom line: Odeabank reported net income of TRY32mn for Q1 20. This more than offset lower yields on loans. As mentioned earlier, this contributed to the yoy improvement in the bottom line. The NPL ratio of 11.4% was much higher than at end...
Tolu Alamutu @ Tellimer Research 22 May 2020
Odea Bank: Bank Audi in the news
We are keeping our Hold recommendation on the ODEABK 2027 bond, although we acknowledge that news from Bank Audi may be the calm before what could be a storm as early as next week. Given the sovereign's debt burden, it is not clear that plans to rest...
Tolu Alamutu @ Tellimer Research 24 January 2020
Turkish banks: All eyes on subordinated bonds
Turkish delight:Christmas came two days early, thanks to a phenomenal (albeit not totally unexpected) gift to the market from Turkey. Most Turkish banks’ subordinated bonds have tightened since the Vakifbank announcement. Regional tensions and the im...
Tolu Alamutu @ Tellimer Research 6 January 2020
Odeabank: Q3 review – Staying profitable
Noteworthy positives: It would probably be easier to focus on the negatives in Odeabank’s latest results – operating revenues fell, personnel costs increased and the NPL ratio is now over 11%. Net interest income fell 4% yoy to TRY272mn, partly refle...
Tolu Alamutu @ Tellimer Research 6 November 2019
Flash Report /
Turkey
Turkey: US sanctions and the impact on banks
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...
Tolu Alamutu @ Tellimer Research 16 October 2019
Odeabank: Q2 review – A modest profit
We are assigning a Hold recommendation to the Odeabank (ODEABK) 7.625% 2027 subordinated bond. We acknowledge that profitability is relatively weak – the annualised ROE was less than 1% in Q2. However, the bottom line improved qoq and was much better...
Tolu Alamutu @ Tellimer Research 16 August 2019
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Turkey
MENA
Banks
About
Odea Bank Anonim Sirketi provides commercial banking services. The Company offers savings, deposits, credit accounts, consumer and corporate loans, project financing, mortgage, investment advisory, and internet banking services. Odea Bank operates throughout Turkey.
