Sunday 16, December 2012 by Robin Amlôt

Fitch upgrades Turkey's large private banks

Fitch Ratings has upgraded the Long-term Issuer Default Ratings (IDRs) of Turkey's three largest privately-owned banks - Turkiye Is Bankasi A.S. (Isbank), Turkiye Garanti Bankasi A.S. (Garanti) and Akbank T.A.S. (Akbank) - to 'BBB' from 'BBB-'. Yapi ve Kredi Bankasi A.S.'s (Yapi Kredi) Long-term IDRs have been affirmed at 'BBB', and the Outlook revised to Stable from Negative.

Features & Analyses

Commercial Banking Banking—creatively disrupted

Sanjeev Kumar, Group CEO, M Holdings Limited, discusses how Bank M became a top bank in Tanzania and why it is now taking its offering… read more