Akbank

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.

The International Finance Corporation (IFC) has announced a financing package of up to $530 million to support thousands of micro and smaller businesses in Turkish provinces devastated by February earthquakes and boost recovery efforts.

The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to $90 million to the Turkish private lender Akbank as part of its Türkiye Disaster Response Framework (DRF), launched in the aftermath of the devastating earthquakes that hit the country's southeastern cities.

The 31st Akbank Jazz Festival, organized with the theme of "The Jazz State of the City Again," will be organized from Oct. 1 to 10 this year.

The festival program, which will host special performances by more than 100 artists from the Turkish jazz scene in different venues, was announced on Sept. 8.

Contemporary Istanbul (CI) will present its 16th edition in a new location, Tersane Istanbul, from Oct. 7 to 10.

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The fair will bring contemporary art to one of Istanbul's most important heritage sites, following a major regeneration project to breathe new life into the historic Haliç Shipyard and the Golden Horn district.

The European Bank for Reconstruction and Development (EBRD) is supporting the production of a range of next generation all-electric and plug-in hybrid variants of one-ton commercial vehicles for the European market by arranging a 650 million-euro loan to Ford Otosan, US automaker Ford's joint venture with Turkey's Koç Holding, according to a statement from the bank on July 14.

Turkish private lender Akbank on July 7 apologized for a major failure in its digital systems that left thousands of customers unable to make any transactions over the internet or at the bank's branches.

Sabancı University Sakıp Sabancı Museum's (SSM) exhibition "ZERO. Countdown to the Future," which drew global attention back in 2015, is now online to meet art enthusiasts, shedding light once again on the ZERO movement.

The exhibition was earlier realized from Sept. 2, 2015, until Jan. 10, 2016, in joint efforts with Akbank Sanat.

The European Bank for Reconstruction and Development (EBRD) on Jan. 14 said it has hiked its financial support to Turkey amid its fight against the COVID-19 pandemic.

"The Bank stepped up its financing in Turkey to €1.7 billion ($2 billion) in 2020 through 33 projects, from €1 billion in 35 projects in 2019," it said in a statement.

Akbank Sanat's culture and art events meet art lovers through social media channels within the scope of the measures taken for the new type of coronavirus epidemic.

In this context, "Year-round Jazz" programs and "Jazz State at Home" concerts organized within the "30th Akbank Jazz Festival" are now being presented to the audience.