Turkish Banker
turkish-banker’a ait tüm site haberleri
Local spending a headache for IMF
ANKARA - The International Monetary Fund is pressing the Turkish government to cut municipality spending, according to foreign bankers who spoke on condition of anonymity. When the IMFplaced a similar request on the table in January, Prime Minister Recep Tayyip Erdoğan said cutting local spending was ’unacceptable.’ If the issue is resolved, an accord may be imminent
New projects target university campuses
ISTANBUL - Real estate companies have started to develop new apartments for universities that have campuses located far from the city center. They are also investing in residential projects in the city. Projects closer to university campuses cost between 47,000 and 300,000 liras
Turkish banks’ value rises
ISTANBUL - As market value of the world’s banking giants erode due to the financial crisis, Turkish banks leapt forward in 2008. The "Global 500 Financial Brands" survey by Brand Finance and The Banker magazine, revealed over the weekend, showed nine Turkish banks ranking with global giants.
Venue for high-powered meals: Cikare
ISTANBUL - Just one table, no waiters and no one to eavesdrop ... The entrance to this venue resembles a textile workshop. The venue is in Küçükarmutlu, considered a stronghold for leftists, just a bridge away from Istanbul’s posh area of Etiler. When one enters, the atmosphere is not as expected.
In headscarf debate, out mounting economic crisis
ISTANBUL-The ruling Justice andDevelopmentParty survived a closure case while the Ergenekon case, seen by some circles as the reprisal of the ruling party against secularists, became one of the most controversial court cases. Diplomatic traffic continued despite internal turbulences with the visits of British Queen Elizabeth II, Iranian and Syrian presidents
Investor takes own life
WASHINGTON - Thierry de la Villehuchet, the chief executive of Access International, is found dead in his New York office, in what a friend says was a suicide. Access International is among the funds that heavily invested in the fraudulent scheme of Bernard Madoff, who is currently under house arrest.
Bankers say Turkey's Akbank seeks 1 bln euro loan
Turkish Akbank is in talks with lenders to secure a 1 billion euro ($1.59 billion) syndicated loan, banking sources said. The one-year deal is expected to have pricing of 75 basis points (bps), a banker added, which would be higher than the 67.5 bps paid by Turkiye Garanti Bankasi for its 600 million euro, one-year loan in May.