The U.S. Federal Reserve tightening that is to set off a big exodus from emerging markets, coupled with rising geopolitical tensions in the Middle East has currently weighed on Turkish markets. We have seen all Turkish asset classes posting heavy losses as well as Turkish lira depreciating against major currencies.

A weaker lira would not mean doom and gloom for all Turkish stocks. In Turkey’s banking universe Turkiye Sınai Kalkinma Bankasi (BIST:TSKB) is known for its strong...