The Islamic finance sector in Turkey received a powerful boost in 2012 as the government entered the market with its debut issues of sukuks, the Islamic equivalent of bonds. The successful debuts – one in the domestic market and another in the international Eurobond market...
In line with the country’s rising profile as a destination for emerging market investment, Turkey’s capital markets are undergoing a major modernisation. A combination of legal reforms, an expansion of local exchange offerings into more complex instruments, and technological and procedural improvements to facilitate electronic and algorithmic...
On November 5, 2012, Turkey’s financial industry finally received the news that it had been waiting for all year. Fitch, the international ratings agency, had upgraded Turkey’s sovereign credit rating to BBB-, the lowest level within the coveted category known as investment grade.
IST30 is the first exchange-traded fund (ETF) based on the BIST 30 National Index (BIST 30) in Turkey. An ETF is an investment vehicle that combines key features of traditional mutual funds and individual stocks. ETFs represent a variety of...
Garanti Bank operates in every segment of the banking sector, including corporate, commercial, small and medium-sized entity (SME), retail, and private and investment banking. The company provides a wide range of financial services to its more...
A landmark reform of Turkey’s private pensions sector is the centrepiece of the government’s plan to boost the country’s declining national savings rate. To draw more people into the pensions system, the government began matching 25% of personal contributions to private pensions, subject to certain limits, in early 2013. Early results indicate...
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