Turkey’s Garanti says reclassifies Oger debt as ‘closely watched’

January 12 2018 17:18:27

Turkey’s Garanti says reclassifies Oger debt as ‘closely watched’

ISTANBUL - Reuters

Turkey’s Garanti Bank reclassified Oger Telecom’s debt as “closely watched” as of the end of 2017, it said on Jan. 11, keeping the troubled loan on its books after Oger has repeatedly failed to make payments.

Turkey’s İşbank also classified Oger Telecom’s loan as “closely watched” at the end last year, sources close to the matter told Reuters on Jan. 11.

Turkey’s Akbank also said it classified its loan to Oger as “closely watched” in a stock exchange filing on Jan. 8.

Oger Telecom is the majority stakeholder in Türk Telekom.

Treasury raises $2.5 billion via lease certificate issuance

Plan to renationalize UK railways gets green light

Central Bank once again keeps interest rate on hold at 50 pct

Turkish households solely powered by wind and solar

Consumer confidence weakens in November, shows TÜİK data

Number of EVs on Türkiye’s roads exceeds 150,000

Indian billionaire Gautam Adani charged with fraud

WORLD

Trump taps loyalist Pam Bondi for attorney general after Gaetz withdraws

U.S. President-elect Donald Trump tapped Pam Bondi, a staunch ally who helped defend the ex-leader against impeachment, as U.S. attorney general on Thursday following firebrand Matt Gaetz’s withdrawal from the running.

ECONOMY

Treasury raises $2.5 billion via lease certificate issuance

The Treasury and Finance Ministry has issued lease certificates in the international capital markets with a size of $2.5 billion and a maturity of 5.5 years.

SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.