TKGBY - Turkiye Garanti Bankasi A.S.

Other OTC - Other OTC Delayed Price. Currency in USD
-0.0050 (-0.25%)
At close: 3:45PM EST
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Previous Close2.0000
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.9760 - 2.0000
52 Week Range1.1700 - 2.0300
Avg. Volume83,704
Market Cap8.7B
Beta (5Y Monthly)1.05
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateApr 22, 2018
1y Target EstN/A
  • Reuters

    RPT-INSIGHT-Turkey turned up heat on banks after standoff over bad loans

    ISTANBUL/ANKARA, Sept 20 (Reuters) - Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters. Ankara's most aggressive move yet to cure a hangover from Turkey's 2018 currency crisis has left banks scrambling to meet a year-end deadline to restructure loans or ready them for sale. Turkey's bank watchdog had been calling bank executives in recent weeks, after three months of talks failed to deliver action, to tell them what portion of loans they should reclassify as non-performing and to make provisions, two sources said.

  • Reuters

    Risk of Turkish banking crisis has eased - S&P Global

    The risk of full-blown banking crisis in Turkey has eased in recent months as the lira has stabilised, credit rating agency S&P Global said on Monday. In a webcast question and answer session, S&P's lead Turkey analyst Maxim Rybnikov said the domestic currency's recent stabilisation had helped the situation in Turkey's financial system, although strains remained particularly in terms of bad, or non-performing loans (NPL). At the same time he downplayed the likelihood of capital controls in Turkey, saying they were "very far" from S&P's baseline expectation and would only be used as a last resort by the country's government.

  • Reuters

    Exclusive: Turkey's restructuring stalls as banks, government wrestle with bad debt

    Efforts to clean up Turkey's bad debt have stalled after bankers rejected or put on hold initial plans, according to people familiar with the matter, frustrating the country’s attempts to leave behind the worst of last year's currency crisis. Interviews with more than a dozen bankers, companyexecutives and advisers show that there has been little progressover the past three months with plans to help lenders to Turkey’s construction, real-estate and energy companies that can no longer afford roughly $20 billion of debt. "Everything is just at a standstill," said a banker involvedin discussions between lenders, companies and governmentofficials, who asked not to be named.

  • Reuters

    Turkish banks have not yet agreed model to move bad loans off balance sheets -finance ministry

    Turkish banks have not yet agreed on a model for a fund that will remove problem loans in the construction and energy sectors off banks' balance sheets, the Treasury and Finance Ministry told Reuters on Wednesday. The ratio of problem loans in Turkey's banks has increased sharply in the wake of a currency crisis that saw the lira lose nearly 30% against the dollar last year. Finance Minister Berat Albayrak announced in April a plan to remove bad loans from banks' balance sheets, which included the formation of two funds to which energy and constructions loans will be moved.

  • Reuters

    EMERGING MARKETS-Emerging market stocks dip; Fed meeting eyed

    Developing world investors hope the Fed will continue to show patience at its two-day meeting starting on Tuesday, with some pricing in lower U.S. borrowing costs, following a bruising 2018 which saw capital drain away from emerging markets as the Fed boosted returns on holding dollars. Hints of possible upcoming rate cuts "would be like oxygen for emerging market sentiment in 2019," Vladimir Miklashevsky, senior economist and trading desk strategist at Danske Bank, wrote in a note.

  • PR Newswire

    OTCQX Banks Virtual Investor Presentations Now Available for On-Demand Viewing

    Individual and institutional investors as well as advisors are invited to log-on to to view presentations NEW YORK , March 18, 2019 /PRNewswire/ -- Virtual Investor Conferences ...

  • OTC Markets Group Announces Agenda for OTCQX Banks Virtual Investor Conference on March 14th
    PR Newswire

    OTC Markets Group Announces Agenda for OTCQX Banks Virtual Investor Conference on March 14th

    NEW YORK , March 7, 2019 /PRNewswire/ -- Virtual Investor Conferences and OTC Markets Group Inc. today announced the agenda for its next OTCQX® Virtual Investor Conference on March 14, 2019 featuring regional ...