Doğuş Holding

The European Bank for Reconstruction and Development (EBRD) on May 20 announced a $55 million loan to Garanti BBVA, the second-largest private lender in Turkey.

Turkey's telecom giant Türk Telekom and Garanti BBVA, one of the country's largest private banks, have said they came under a cyberattack on Oct. 27.

Banks in Turkey plan to restructure between $7 and $8 billion of current credit debt of energy companies so they can repay their debts by 2020-2021 and ease their ability to potentially participate in further energy investments during this term, Ebru Dildar Edin, executive vice president for corporate and investment banking at Garanti Bank, said Thursday.

Turkey's Doğuş Holding is about to finalize a deal with banks to "retime" its 2.3 billion euro loan for a six-year due, the group chair has said, noting that this process should not be labeled "restructuring."

Turkey's Doğuş Holding said on July 12 its refinancing talks were at a final stage and that claims the negotiations had ended in disagreement were not true.

Turkey's Akbank, Garanti and İş Bank have applied to the competition authority to take over 55 percent of Türk Telekom after Oger Telecom failed to make three payments on a $4.75 billion loan it secured to acquire a stake in the Turkish fixed-line operator, the competition authority has said.

Doğuş Group's social responsibility platform 'A Place for Art' has opened a joint exhibition at Istanbul's Bomontiada. The exhibition, featuring works by young artists, can be visited between June 22 and 24.

The International Finance Corporation (IFC) has invested $75 million in a bond issued by Turkish private lender Garanti Bank to boost loans for women entrepreneurs' href='/search/women entrepreneurs'>women entrepreneurs in Turkey, it announced on June 13.

Turkey's Doğuş Holding is in talks with banks on debt restructuring, sources familiar with the matter said on April 7.

Multiple buyers are interested in buying a stake in Türk Telekom, Garanti Bank chief executive Ali Fuat Erbil said on Feb. 16 after Oger Telecom failed to make three payments on a $4.75 billion loan it secured to acquire 55 percent stake in the Turkish fixed-line operator.