Search results

Risks are high despite Turkey’s policy 'normalisation'

Location:

TURKEY

With the lira at a record low, the Central Bank continued to tighten monetary policy this week, funding the market through competitive one-month repo tenders at rates of around…

Turkish state banks’ use for policy may harm stability

Location:

TURKEY

State banks’ increased use as policy instruments.

Crisis will cut profits, add risks for Turkish banks

Location:

TURKEY

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…

Turkey's return to economic orthodoxy may waver

Location:

TURKEY

The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…

Falling profits will force Turkish bank modernisation

Location:

TURKEY

Banks' response to limited growth and profitability from restrictions on growing their credit card businesses.

More Gulf bank mergers likely, within national borders

Location:

GULF STATES

After a decade of stasis, consolidation in the Gulf Cooperation Council (GCC) banking sector has grown to fever pitch, with rumours about new combinations emerging on an almost…

Pressure on Iran’s banks raises chances of collapse

Location:

IRAN

However, the signs of strain are becoming more marked. On December 15, the Central Bank of Iran (CBI) issued an official warning to all financial institutions, threatening legal…

Retail banking in the Middle East will be subdued

Location:

MIDDLE EAST

Low global oil prices are weighing heavily on the profitability of the Gulf Cooperation Council (GCC) banking sector. Moody's Investors Service in March downgraded 26 GCC banks…

Turkey’s illiberal economic model will extend further

Location:

TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

COVID-19 and oil shocks raise Gulf recession risks

Location:

GULF STATES

Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…