Posts Tagged Credit Cards
Halkbank: Not A Good Play for the Current Trends

Halkbank: Not A Good Play for the Current Trends

Halkbank has performed poorly since last November and now the stock trades slightly below its book value and is one of the worst performing stocks among Turkish blue-chip stocks.

The bank closed 2011 with 14.4% return on equity and an aggregate net income of 2,206 million liras, which was 22% lower compared to the posted number a year earlier. Net interest margin stood at 4.2% at yearend thanks to solid fourth quarter margin of 4.5%. The...

Draft Revealed For Regulation on Consumer Loans

Draft Revealed For Regulation on Consumer Loans

The burning question has been how the Banking Supervisory would regulate the consumer loans with some tightening tools. Yesterday, the draft for new regulations were revealed on consumer loans and credit cards with the intention of slowing general purpose lending.

Some expected restrictions are listed below:

No layaway while purchasing food and gas, Length of layaway plans limited to 6 months while purchasing electronics, jewellery, Length of layaway plans limited to 12 months while purchasing white goods, furnitures, New restrictions for...
A More Supervised Credit Era Begins in Turkey

A More Supervised Credit Era Begins in Turkey

Too much public spending, excessive reliance on domestic demand and loose monetary policy. These are the points that IMF implied about Turkish economy within its global economic outlook report published recently. In addition, for the past few years, the country’s technocrats have forewarned of rates of loan growth running at an alarming average of about 30% a year. As might be expected, loan growth is the main underlying cause of macroeconomic imbalances that form non-ignorable downside risks.

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