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January 17, 2005 -

The Turkish Bulletin 17/01/2005

The most important headlines of the last 2 weeks were the upgrade of Turkey’s sovereign credit rating to ‘BB-‘ from ‘B+’ by Fitch and the unexpected CBRT interest rate cut to 17% from 18%.In the meantime, Turkey issued its 1st…

January 3, 2005 -

The Turkish Bulletin 03/01/2005

The Introduction of New Turkish Lira, Announcement of December inflation data (2004 CPI inflation coming down to single digit after 34 years), new tax law calling for 15% witholding tax across all investment tools were the highlights in Turkey going…

December 20, 2004 -

The Turkish Bulletin 20/12/2004

Turkey is set to begin the EU membership negotiations in October 2005. This is probably the single most important outcome from the EU summit last week, though its significance was somewhat overshadowed by a conflict over the divided island of…

December 6, 2004 -

The Turkish Bulletin 06/12/2004

Turkey is curiously focused on the EU verdict due on December 17th while interpretations based on declarations made by various parties involved on the headlines, set the general mood day by day in the country. The markets are endeavouring to…

November 24, 2004 -

Two Prize for Cetelem’s 2003 Activity Report

Cetelem’s 2003 Activity Report won not only the corporate prize, but also-and most importantly the Grand Prize, all categories combined, in the yearly corporate publications competition organized by France’s Union of Corporate Newspapers and Journalists (UJJEF). This year, nearly 200…

November 22, 2004 -

The Turkish Bulletin – 22/11/2004

The Treasury mandated Citigroup and Morgan Stanley to tap the Eurobond market for the 6th time since the beginning of 2004, for a US$500mn eurobond priced to yield 6.7% and maturing on March 2015 .In the domestic affairs, work on…

November 22, 2004 -

BNP Paribas reinforces its position on the Turkish Banking market and acquires 50% of the controlling holding of Türk Ekonomi Bankası A.Ş. (“TEB”)

BNP Paribas today signed a share purchase agreement with the Çolakoğlu Group whereby BNP Paribas will acquire (subject to regulatory approvals) a 50% stake in TEB Mali Yatırımlar A.Ş. (“TEB Mali”), the Çolakoğlu Group’s holding company for financial services which…

November 17, 2004 -

Michel Pébereau Named President of the FBE.

The Chairman of BNP Paribas has been elected President of the European Banking Federation (FBE) for a two-year term. He succeeds Maurizio Sella, President of the Italian Banking Association. At the same time, Hein Blocks, Managing Director of the Netherlands…

November 2, 2004 -

The Turkish Bulletin – 02/11/2004

Despite positive remarks from Chirac and Schroder subsequent to PM Erdogan meeting the markets are not yet fully conviced on the December 17th EU verdict. In the meantime, the framework of the IMF standby beyond 2004 has started to take…

October 18, 2004 -

The Turkish Bulletin – 18/10/2004

Cukurova Group’s non-payment of its debt to Yapi Kredi Bank was the focus of the markets amidst very significant International developments such as record oil prices and Turkey – EU relations being debated in French parliament. On the Domestic front,…

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PrintPrint
January 17, 2005 -

The Turkish Bulletin 17/01/2005

The most important headlines of the last 2 weeks were the upgrade of Turkey’s sovereign credit rating to ‘BB-‘ from ‘B+’ by Fitch and the unexpected CBRT interest rate cut to 17% from 18%.In the meantime, Turkey issued its 1st…

January 3, 2005 -

The Turkish Bulletin 03/01/2005

The Introduction of New Turkish Lira, Announcement of December inflation data (2004 CPI inflation coming down to single digit after 34 years), new tax law calling for 15% witholding tax across all investment tools were the highlights in Turkey going…

December 20, 2004 -

The Turkish Bulletin 20/12/2004

Turkey is set to begin the EU membership negotiations in October 2005. This is probably the single most important outcome from the EU summit last week, though its significance was somewhat overshadowed by a conflict over the divided island of…

December 6, 2004 -

The Turkish Bulletin 06/12/2004

Turkey is curiously focused on the EU verdict due on December 17th while interpretations based on declarations made by various parties involved on the headlines, set the general mood day by day in the country. The markets are endeavouring to…

November 24, 2004 -

Two Prize for Cetelem’s 2003 Activity Report

Cetelem’s 2003 Activity Report won not only the corporate prize, but also-and most importantly the Grand Prize, all categories combined, in the yearly corporate publications competition organized by France’s Union of Corporate Newspapers and Journalists (UJJEF). This year, nearly 200…

November 22, 2004 -

The Turkish Bulletin – 22/11/2004

The Treasury mandated Citigroup and Morgan Stanley to tap the Eurobond market for the 6th time since the beginning of 2004, for a US$500mn eurobond priced to yield 6.7% and maturing on March 2015 .In the domestic affairs, work on…

November 22, 2004 -

BNP Paribas reinforces its position on the Turkish Banking market and acquires 50% of the controlling holding of Türk Ekonomi Bankası A.Ş. (“TEB”)

BNP Paribas today signed a share purchase agreement with the Çolakoğlu Group whereby BNP Paribas will acquire (subject to regulatory approvals) a 50% stake in TEB Mali Yatırımlar A.Ş. (“TEB Mali”), the Çolakoğlu Group’s holding company for financial services which…

November 17, 2004 -

Michel Pébereau Named President of the FBE.

The Chairman of BNP Paribas has been elected President of the European Banking Federation (FBE) for a two-year term. He succeeds Maurizio Sella, President of the Italian Banking Association. At the same time, Hein Blocks, Managing Director of the Netherlands…

November 2, 2004 -

The Turkish Bulletin – 02/11/2004

Despite positive remarks from Chirac and Schroder subsequent to PM Erdogan meeting the markets are not yet fully conviced on the December 17th EU verdict. In the meantime, the framework of the IMF standby beyond 2004 has started to take…

October 18, 2004 -

The Turkish Bulletin – 18/10/2004

Cukurova Group’s non-payment of its debt to Yapi Kredi Bank was the focus of the markets amidst very significant International developments such as record oil prices and Turkey – EU relations being debated in French parliament. On the Domestic front,…