Halkbank

Turkish state-owned banks have started accepting applications for personal loans up to 10,000 Turkish Liras (nearly $1,500) online and via phones on April 1.

Türk Eximbank, Turkey's major export incentive instrument, on March 24 introduced a support package for exporters to mitigate the impact of the coronavirus pandemic.

The move aims for exporters to continue production and maintain employment as they see orders falling or being canceled due to virus fears.

Turkish state lender Halkbank will be arraigned in a U.S. court next week to face a federal indictment for alleged evading Iran sanctions.

The bank was represented by the law firm of King & Spalding at a hearing on Feb. 25 and attorneys said it agreed to appear at the proceedings.

Halkbank was charged in October with attempts to evade U.S. sanctions on Iran.

A U.S. appeals court in Manhattan granted Turkish state lender Halkbank a temporary pause in its Iran sanctions evasion case.

The temporary stay in the case was granted on Feb. 3 to allow for the bank's requests to be heard by a three-judge panel.
The court said it would take up Halkbank's requests on an expedited basis.

A racehorse belonging to Reza Zarrab, a Turkish-Iranian businessman who was arrested in the U.S. in 2016 over evading sanctions on Iran, had to leave his champion-style life in a hippodrome to live a more modest life on a simple ranch on the outskirts of Istanbul.

President Recep Tayyip Erdoğan has said he disapproves of plans regarding a unit of state-owned lender Ziraat buying a stake in bakery chain Simit Sarayı and that this plan has been dropped.

Turkey's state-owned Halkbank has denied any wrongdoing after U.S. prosecutors charged the lender with partaking in a scheme to evade U.S sanctions on Iran.

Three Turkish state-owned lenders, Ziraat, Halkbank and Vakıfbank, have lowered the monthly interest rates on car loans to support local production.

Three state-owned banks, namely Ziraat, Halkbank and Vakıfbank, have provided a total of 1.7 billion Turkish Liras worth of loans to 11,500 local firms under the financing package named "İVME" (advanced, productive, indigenous, industry) as of end-July.

On the eve of the latest legislation in the United States House of Representatives putting pressure on Turkey over its S-400 missile system purchase, Nicholas Danforth - a veteran Turkey analyst at the German Marshall Fund - posted a warning on Twitter that perfectly captured the dilemma in US-Turkey relations: