Economy of Northern Cyprus

Turkiye Garanti Bankasi A.S.: Declaration of issuance approval - CMB Bulletin

Retrieved on:

Saturday, December 26, 2020

Economy of Northern Cyprus, Economy of the Ottoman Empire, Turkish lira

As a result of our application to the Capital Markets Board pursuant to our Board of Directors' resolution dated September 03,2020, the registration of our Tier 2 notes, amounting up to TL 7.000.000.000 (Seven Billion Turkish Liras) in Turkish Lira currency with different types and maturity dates, in accordance with Article 8 of the Regulation on the Equities of Banks, published in the Official Gazette numbered 28756 and dated 5 September 2013 to be sold domestically was published in the Capital Markets Board's weekly bulletin numbered 2020/77.

Key Points:

As a result of our application to the Capital Markets Board pursuant to our Board of Directors' resolution dated September 03,2020, the registration of our Tier 2 notes, amounting up to TL 7.000.000.000 (Seven Billion Turkish Liras) in Turkish Lira currency with different types and maturity dates, in accordance with Article 8 of the Regulation on the Equities of Banks, published in the Official Gazette numbered 28756 and dated 5 September 2013 to be sold domestically was published in the Capital Markets Board's weekly bulletin numbered 2020/77.
Accordingly, the Issuance Certificate and Application Form, which has been approved by the Capital Markets Board, regarding the issuance of Tier 2 notes up to the aggregate amount of TRY 7,000,000,000 within 1-year period, is enclosed herewith.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Turkiye Garanti Bankasi A.S.: Debt Instrument Issuance Application

Retrieved on:

Wednesday, November 18, 2020

Economy of Northern Cyprus, Economy of the Ottoman Empire, Turkish lira, TL

Pursuant to the authority given Head Office of Bank by The Board of Directors of the Bank's resolution dated Sep. 03, 2020, our application to issue debt instruments that meet the criteria for the inclusion in Tier 2 Capital, to be sold to qualified investors up to the aggregate amount of TL 7,000,000,000- (Seven Billion Turkish Liras) in Turkish Lira currency with different types and maturity dates, in one or more issuances was made to the Capital Markets Board.

Key Points:

Pursuant to the authority given Head Office of Bank by The Board of Directors of the Bank's resolution dated Sep. 03, 2020, our application to issue debt instruments that meet the criteria for the inclusion in Tier 2 Capital, to be sold to qualified investors up to the aggregate amount of TL 7,000,000,000- (Seven Billion Turkish Liras) in Turkish Lira currency with different types and maturity dates, in one or more issuances was made to the Capital Markets Board.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Turkiye Garanti Bankasi A.S.: Debt Instrument Issuance Application

Retrieved on:

Wednesday, November 18, 2020

Finance, Corporate finance, Economy of Northern Cyprus, Debenture, Debt, Money, Turkish lira, Economy, Financial capital, Bond

Pursuant to the authority given Head Office of Bank by The Board of Directors of the Bank's resolution dated Nov. 05, 2020, our application to issue debt instruments including fixed or floating rate bonds, debentures to be sold domestically by public offering, but not limited to fixed or floating rate bonds, debentures and/or credit linked notes and other structured debt instruments to be sold to qualified investors or by private placement; up to the aggregate amount of TL 30,000,000,000.- (Thirty Billion Turkish Lira) in Turkish Lira currency with different types and maturity dates, in one or more issuances was made to the Banking Regulation and Supervision Agency and Capital Markets Board.

Key Points:

Pursuant to the authority given Head Office of Bank by The Board of Directors of the Bank's resolution dated Nov. 05, 2020, our application to issue debt instruments including fixed or floating rate bonds, debentures to be sold domestically by public offering, but not limited to fixed or floating rate bonds, debentures and/or credit linked notes and other structured debt instruments to be sold to qualified investors or by private placement; up to the aggregate amount of TL 30,000,000,000.- (Thirty Billion Turkish Lira) in Turkish Lira currency with different types and maturity dates, in one or more issuances was made to the Banking Regulation and Supervision Agency and Capital Markets Board.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

LMRKTS Completes Second Turkish Lira Settlement Risk Compression

Retrieved on:

Monday, July 13, 2020

Economy of Europe, Economy, Economy of Northern Cyprus, Currency, Lira, Turkish lira, Settlement risk, TL

NEW YORK and LONDON, July 13, 2020 /PRNewswire/ --LMRKTS, a leading provider of optimization and compression services, announces today the addition of a new Turkish lira settlement risk compression service to its suite of offerings.

Key Points:

NEW YORK and LONDON, July 13, 2020 /PRNewswire/ --LMRKTS, a leading provider of optimization and compression services, announces today the addition of a new Turkish lira settlement risk compression service to its suite of offerings.
Turkish lira forwards are not currently cleared and subject to both foreign exchange and interest rate volatility.They impact an institution's settlement risk and can also add to credit and capital costs.
"Unforeseeable geopolitical developments can quickly change the risks faced by large currency players," said Andrea Ianniello, President and Chief Commercial Officer of LMRKTS.
"Recent heightened concern around settling Turkish lira obligations is a good example.

LMRKTS Completes Second Turkish Lira Settlement Risk Compression

Retrieved on:

Monday, July 13, 2020

Economy of Europe, Economy, Economy of Northern Cyprus, Currency, Lira, Turkish lira, Settlement risk, TL

NEW YORK and LONDON, July 13, 2020 /PRNewswire/ --LMRKTS, a leading provider of optimization and compression services, announces today the addition of a new Turkish lira settlement risk compression service to its suite of offerings.

Key Points:

NEW YORK and LONDON, July 13, 2020 /PRNewswire/ --LMRKTS, a leading provider of optimization and compression services, announces today the addition of a new Turkish lira settlement risk compression service to its suite of offerings.
Turkish lira forwards are not currently cleared and subject to both foreign exchange and interest rate volatility.They impact an institution's settlement risk and can also add to credit and capital costs.
"Unforeseeable geopolitical developments can quickly change the risks faced by large currency players," said Andrea Ianniello, President and Chief Commercial Officer of LMRKTS.
"Recent heightened concern around settling Turkish lira obligations is a good example.

Huobi Unveils Plans for Fiat Gateway for Turkish Lira (TRY) and Strategy for Huobi Turkey at Eurasia Blockchain Summit Istanbul

Retrieved on:

Friday, October 18, 2019

Countries, Continents, Geography of Asia, Huobi, Economy of Northern Cyprus, Blockchain, Turkey, Turkish lira, Istanbul

ISTANBUL, Oct. 18, 2019 /PRNewswire/ -- Huobi Global announced ambitious plans for Turkey at the Eurasia Blockchain Summit, starting with the launch of a Turkish Lira (TRY) fiat gateway.

Key Points:

ISTANBUL, Oct. 18, 2019 /PRNewswire/ -- Huobi Global announced ambitious plans for Turkey at the Eurasia Blockchain Summit, starting with the launch of a Turkish Lira (TRY) fiat gateway.
Huobi reveals the fiat gateway is the first to be launched by a global exchange, providing Turkish users an accessible gateway to trade more assets with greater liquidity.
The Turkish Lira (TRY) on-ramp is estimated to be launched by year's end with a TRY/USDT pairing.
The first annual Eurasia Blockchain Summit successfully brought together key industry leaders, Turkish government officials, and C-level representatives from local banks.

Huobi Unveils Plans for Fiat Gateway for Turkish Lira (TRY) and Strategy for Huobi Turkey at Eurasia Blockchain Summit Istanbul

Retrieved on:

Friday, October 18, 2019

Countries, Continents, Geography of Asia, Huobi, Economy of Northern Cyprus, Blockchain, Turkey, Turkish lira, Istanbul

ISTANBUL, Oct. 18, 2019 /PRNewswire/ -- Huobi Global announced ambitious plans for Turkey at the Eurasia Blockchain Summit, starting with the launch of a Turkish Lira (TRY) fiat gateway.

Key Points:

ISTANBUL, Oct. 18, 2019 /PRNewswire/ -- Huobi Global announced ambitious plans for Turkey at the Eurasia Blockchain Summit, starting with the launch of a Turkish Lira (TRY) fiat gateway.
Huobi reveals the fiat gateway is the first to be launched by a global exchange, providing Turkish users an accessible gateway to trade more assets with greater liquidity.
The Turkish Lira (TRY) on-ramp is estimated to be launched by year's end with a TRY/USDT pairing.
The first annual Eurasia Blockchain Summit successfully brought together key industry leaders, Turkish government officials, and C-level representatives from local banks.

New ACCA and IMA Survey: Global Confidence Falls Sharply Amid Growing Trade Tensions; Confidence in the U.S. on the Wane and Lowest Since First Quarter of 2016

Retrieved on:

Thursday, October 11, 2018

Economy, Great Recession, Economic history, Economic crises, Stock market crashes, Economy of Northern Cyprus, Turkey, Turkish currency and debt crisis, Great Recession in Europe

The survey found:

Key Points:

The survey found:
While confidence fell by 20 points, it held up best in South Asia and Western Europe with falls of 2 and 6 points respectively.
Confidence in the Middle East and Africa also fell sharply by 35 and 22 points, respectively.
Only 18 percent of businesses are considering increasing staffing levels a drop by 2 percent in the last quarter.
Meanwhile, the U.S. economy has performed strongly since the last presidential election and has been a key driver of global economic growth.