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.
Articles & Analysis | Making the grade: An upgrade by one of the major ratings agencies spurs capital inflows from The Report: Turkey 2013
Articles & Analysis | IST30: Exchange-traded fund from The Report: Turkey 2013
Composition
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...
Articles & Analysis | Garanti Bank: Banking from The Report: Turkey 2013
The Company
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...
Articles & Analysis | Planning for pensions: New reforms have incentivised personal savings from The Report: Turkey 2013
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...
Articles & Analysis | FBIST: Exchange-traded fund from The Report: Turkey 2013
Composition
The FTSE Istanbul Bond (FBIST) exchange-traded fund (ETF) is the first ETF to track the FTSE Turkish lira government bond index. It provides investors with exposure to a basket of Turkish fixed-income securities with a single transaction.
Interviews & Viewpoints | OBG talks to Ibrahim Turhan, Chairman and CEO, Borsa İstanbul (BIST) from The Report: Turkey 2013
What impact is Turkey’s credit rating upgrade likely to have on investment activity on the BIST over the short to medium term?