Turkey: Brokerage Industry Trends
Turkey’s brokerages faced sharp trading falls in a tough climate last year of which 30% reported losses during the first half. That said, we had seen some downsizing-related layoffs as well as some international investment banks simply quitting the business. While this was partly due to some earnings recession felt in the industry, the underlying reason was that it was overcrowded so that more analysts rate Turkey’s bank than cover Wall-Street based banks.
After having a bad year, Turkey’s brokerage firms appear to showing early signs of a turnaround as ROE...
Sahibinden: On the Cusp of Becoming Turkey’s First Unicorn
Sahibinden.com is an online shopping in platform in which people and businesses buy and sell real estate, cars and broad variety of goods and services, headquartered in Istanbul and owned by Aksoy Group. Sahibinden’s e-commerce business relies solely on third-party sales in Turkey, in other words, a model similar to Alibaba is being followed. We’ll covering the details about the company for the remainder of this article, but let’s take a look what see in Turkey’s demographics and...
Guest Post: Turkey M&A Outlook
M&A transactions along with other corporate finance actions such as divestitures, spin-offs, IPOs, corporate bond issuances and seasoned offerings are nowadays as much a talking point among finance professionals in Turkey as in Western economies though this was not the case just some 20 odd years ago when Turkey started to liberalize its markets and started to develop its capital markets. It is an undeniable fact that without a well-developed and structured...