Garanti Bank

Turkey's benchmark index advanced by 0.25 percent to stand at 100,440.39 points at the close of June 30, marking a 0.80-percent rise compared with last week.      

Borsa Istanbul's BIST 100 index posted its highest "week close" with a 250.08-point increase, while the total trading volume was 4.1 billion Turkish Liras (approximately $1.16 billion).      

The IFC, a member of the World Bank Group, has said it is investing $150 million equivalent of Turkish Liras in covered bonds issued by Turkey's Garanti Bank, in a bid to help boost the development of green buildings in the country's housing sector.

Turkey's benchmark index was up 1,322.94 points to close at 91,044.99 on March 6, marking its highest level in just over two years.      

The BIST 100 index rose 1.47 percent with a total trading volume of 4 billion Turkish Liras (approximately $1.08 billion).      

Spanish lender Banco Bilbao Vizcaya Argentaria (BBVA) has acquired 41.79 million shares in Garanti Bank from Doğuş Holding and Doguş Araştırma Geliştirme ve Müşavirlik Hizmetleri at a cost of 7.95 Turkish Liras per share.

The European Bank for Reconstruction and Development  (EBRD) will provide 50 million euros through Garanti Bank to Turkish companies led by women which have limited access to credit, the bank said on Dec. 28.

The financing comes under the Finance and Advice for Women program, co-funded by the European Union, EBRD, and Republic of Turkey.        

In a move to enhance reforms in the Turkish electricity sector, the European Bank for Reconstruction and Development (EBRD) has said it is financing electricity companies operating in the north west of the country, in a written statement. 

Turkey's banking system may face "serious problems" with profitability if loan demand continues to weaken, Hüseyin Aydın, the chief executive of state-run Ziraat Bank and the head of the Banks Association of Turkey (TBB), said on Oct. 27, Reuters reported. 

Turkish tennis player Ca?la Büyükakçay became the first Turkish player to win a WTA tournament following a victory over Montenegro's Danka Kovinic in the final of the TEB BNP Paribas Istanbul Cup International Women's tournament on April 24.

Büyükakçay, 26, defeated 21-year-old Kovinic 3-6, 6-2, 6-3 at Garanti Koza Arena in Istanbul.

Spain's BBVA, which has a majority stake in Turkey's Garanti Bank, is looking to buy another bank in the country, BBVA chief Carlos Torres Vila has said. 

BBVA is not actively in talks as there are no banks for sale, but Turkey is a strategic market, he said. "We want to grow in Turkey. We want to acquire another lender that will bring value to Garanti."

Foreign investors made $100 million worth of net purchase on Borsa Istanbul, Turkey's stock exchange, in January following a selling spree of $2.5 billion in November and December 2015, according to data gathered by Anadolu Agency.