Borsa Istanbul
Turkish Airlines serves 18.5 mln passengers in first quarter
The total number of passengers Turkish Airlines carried in the first three months of 2024 has increased by 8.4 percent annually to 18.5 million.
The international passenger tally was up 6.7 percent from a year ago to more than 12 million, while domestic passengers rose by 12.8 percent to 4.49 million, the carrier said in a filing with Borsa Istanbul.
Aselsan’s net income soars to 7.4 billion liras in 2023
Net income of Türkiye's leading defense company Aselsan soared from 1.19 billion Turkish Liras in 2022 to 7.4 billion liras ($230 million) last year, pointing to a 520 percent increase.
TWF completes first int’l Islamic finance transaction
Türkiye Wealth Fund (TWF) has signed a $100 million Murabaha financing agreement with Sharjah Islamic Bank (SIB).
This three-year term agreement marks the first Islamic finance transaction for the TWF.
Doğan Investment Bank acted as the financial adviser and coordinator for the transaction, the fund said in a statement.
Number of investors in Borsa Istanbul rising again
The number of investors in Borsa Istanbul has picked up again in the past two weeks with new initial public offerings on the stock exchange.
Some investors left the stock exchange in the past months due to the combination of several factors. The interest rates on saving accounts rose, while the performance of the shares offered via public offerings was disappointing.
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Turkish banking industry on foreign investors’ radar
After Goldman Sachs increases its earning per share (EPS) estimates for the Turkish banks in its coverage earlier this month, this time Bank of America (BofA) lifted its EPS for Turkish lenders.
"We continue to have a positive view on Turkish private banks," BofA said in a report released on Feb. 19.
Private lender İşbank issues green bonds
İşbank, the largest private lender by asset, has become the first bank to issue Turkish Lira-denominated green bonds in Türkiye.
In a filing with Borsa Istanbul, the bank said it completed the issuance of the 500 million lira nominal valued green bonds with 728 days of maturity.
Bonds with floating rates and quarterly coupon payments were sold to qualified investors.
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Erdoğan says Türkiye still 'financial hub' amid global uncertainty
President Recep Tayyip Erdoğan has argued Türkiye's recent financial initiatives are solidifying its position as a financial powerhouse, attracting both domestic and international investors.
Türkiye among top 10 in global IPO ranking: EY
Türkiye ranked 10th in the world in terms of public offerings (IPO) launched, according to a recent report by Ernst & Young (EY).
A total of 52 IPOs were launched, corresponding to 4 percent of global public offerings, EY's Global IPO Trends 2023 report said.
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Turkish Airlines set to order total 355 jets from Airbus
Turkish Airlines is planning to order a total of 355 planes from Airbus, according to people familiar with the talks.
Those are in addition to 10 A350-900 model jets Turkish Airlines already ordered.
This time, the flag carrier is ordering 250 A321neo aircraft, 75 A350-900, 15 A350-1000 jets as well as five A350F cargo aircraft.
22 companies go public in first half
Some 22 companies have launched initial public offerings (IPO) in the first half of 2023, data from the Central Securities Depository (MKK) have shown.
Those companies raised a total of 26.4 billion Turkish Liras from the IPOs in the January-June period, according to MKK.
In the whole of 2022, 40 companies went public, raising 19.3 billion liras through IPOs.
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