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Samsun Completed the Largest Solar Plant in Turkey

Samsun Completed the Largest Solar Plant in Turkey
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Turkey's non-state banks have the edge in 2021 amid lira volatility, high rates


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Non-state Turkish lenders are better placed than state banks to navigate 2021 as they are less sensitive to interest rate fluctuations and have built up significant cushions to protect themselves from loan losses resulting from the pandemic, analysts said.
Turkey is an attractive market for several large European and Middle East lenders, which have a presence in the country through subsidiaries. Spanish bank Banco Bilbao Vizcaya Argentaria SA, for example, generated 16% of its total gross income through its Turkish operation, Türkiye Garanti Bankası AŞ. Other foreign lenders with units in Turkey include Italy s UniCredit SpA and the Middle East s largest bank by assets, Qatar National Bank (QPSC). ....

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