Categories Business Finance HIGHLIGHTS Turkish Banks: Sensitivity of capital ratios to currency and asset quality Cem CetingucPosted on25 November, 202125 November, 2021 We update our interactive spreadsheet to stress capital positions with Q3 results: The unfavourable outlook … Continue ReadingTurkish Banks: Sensitivity of capital ratios to currency and asset quality
Categories Business HYPED Markets FDD: Landmark Iran Sanctions Ruling Against Turkish Public Lender Builds U.S. Deterrence Atilla YeşiladaPosted on27 October, 2021 A U.S. appeals court ruled on October 22 that Halkbank, a public lender majority-owned by … Continue ReadingFDD: Landmark Iran Sanctions Ruling Against Turkish Public Lender Builds U.S. Deterrence
Categories Business Company & Industry Turkish Banks: Still cheap but less cheerful Cem CetingucPosted on21 October, 2021 Going through an easing cycle but concerns on inflation still lingering Following the CBRT’s 100 … Continue ReadingTurkish Banks: Still cheap but less cheerful
Categories Company & Industry Finance Fitch Ratings: Turkish banks have enough FC liquidity Cem CetingucPosted on27 September, 2021 Turkey’s seven largest banks have sufficient short-term foreign currency (FC) liquidity to service FC debt during the … Continue ReadingFitch Ratings: Turkish banks have enough FC liquidity
Categories Company & Industry Finance HSBC: Turkish Banks Cem CetingucPosted on22 September, 2021 Improving margins to boost core PPI in 2H21e and … We reiterate our view that … Continue ReadingHSBC: Turkish Banks
Categories Company & Industry Economy Turkish Banks: Sector Monthly Data Cem CetingucPosted on7 September, 2021 Lower monthly ROE of 12% due to higher trading loss Turkish banking sector’s July net … Continue ReadingTurkish Banks: Sector Monthly Data
Categories Business Company & Industry Turkish Banks: Sector Monthly Data Cem CetingucPosted on6 August, 2021 Strong monthly ROE of 17% on higher other income Turkish banking sector’s June net income … Continue ReadingTurkish Banks: Sector Monthly Data
Categories Business Company & Industry HALKB: 2Q Preview, Target Price & Rating Revision – Uphill Battle Cem CetingucPosted on26 July, 2021 Higher funding and credit risk costs remain as risk factors Following the strong loan growth … Continue ReadingHALKB: 2Q Preview, Target Price & Rating Revision – Uphill Battle
Categories Company & Industry GARAN: 2Q Preview & Target Price Revision – Mind the ROE Progress Cem CetingucPosted on12 July, 2021 Earnings recovery and attractive valuation support share performance Garanti share price is up 15% since … Continue ReadingGARAN: 2Q Preview & Target Price Revision – Mind the ROE Progress
Categories General Reuters: Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources Atilla YeşiladaPosted on6 June, 20216 June, 2021 The craziest of President Erdogan’s “crazy projects”, Canal Istanbul ought to take start at the … Continue ReadingReuters: Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources
Categories Business Company & Industry Top Banking Pick of 2021: Garanti Bank Cem CetingucPosted on10 May, 2021 Short-term recovery from recent lows likely Garanti share price is down 30% since our downgrade … Continue ReadingTop Banking Pick of 2021: Garanti Bank
Categories Company & Industry Economy Banking Sector: 1Q21 Earnings Preview Cem CetingucPosted on23 April, 2021 Macro volatility to take a toll on earnings We expect ROE’s to range between 0-12% … Continue ReadingBanking Sector: 1Q21 Earnings Preview
Categories Business Turkey rate hikes slow loan growth, to compress banks’ margins – Fitch Atilla YeşiladaPosted on16 March, 2021 Turkish banks saw slower loan growth in the fourth quarter of 2020 and their margins … Continue ReadingTurkey rate hikes slow loan growth, to compress banks’ margins – Fitch
Categories Business A frightening predicament for banks from S&P Atilla YeşiladaPosted on24 June, 202026 June, 2020 Turkey is in the midst of a mind-blowing credit boom, with loan growth having reached … Continue ReadingA frightening predicament for banks from S&P
