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Tag Archives: finance

Turkey and Belgium Team Up Against Double Taxation

Turkey and Belgium have increased their joint cooperation against double taxation. The pair have signed a new protocol to enable the increased flow of information in line with OECD standards aimed at negating the possibility of paying tax on the same income in two countries. The protocol, signed yesterday during...

Posted on 10 July 2013

Lloyd’s of London to open in Istanbul

7th July 2011 - Lloyd’s of London Chairman Peter Levene has announced that Lloyd’s has accepted the importance of Turkey as a regional and global financial centre and is entering the Turkish market as well as expressing regrets that Lloyd’s had not entered the Turkish market previously. Levene said “Turkey’s...

Posted on 07 July 2011

Turkish banks in most profitable global list

6 July 2011 The Banker magazine’s report “Top 1,000 World Banks” has rated 3 Turkish banks in the top 25 global banks for return on capital. In 6th place in the world was the Turkish Government owned Halk Bank followed by Ziraat Bank at 9th place, also Turkish Government owned, and in...

Posted on 06 July 2011

Turkey Property: Mortgages Still Available

Yesterday Forbes ran a story on how Turkey was more resilient to the credit crunch, because of reforms made to its banking sector years ago. Turkey's banking system collapsed in 2001, when "toxic assets, sloppy management and bad credits caused 24 banks to "go south", the article explained. The reforms...

Posted on 13 March 2009