BGC Partners

BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.

We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:

  • Mergers & Acquisitions
  • Equity Capital Markets
  • Debt Finance & Advisory
Cagdas Dogan
  • Cagdas Dogan

BGC Partners: TURKEY - Central Government Budget continued to improve ...

Finance Ministry released February Central Government budget figures and the data showed further improvement in budget balances, as already suggested by the Treasury cash budget figures.

Cagdas Dogan
  • Cagdas Dogan

BGC Partners: TURKEY - CBT Expectation Survey: No major change in infl...

OUR TAKE: We observe no major change in inflation expectations, as the positive surprise in February reading seems to be offset by increased depreciation pressure on TL, while 2020 GDP growth forecast has been cut for the first time since July 2019. Meanwhile, there seems to be a 50bps rate cut expectation from the CBT in next week’s meeting, 100bps over the next three months, and 175bps over the next twelve months. We currently plug in a 50bps rate cut in our forecasts in next week’s meetin...

Cagdas Dogan
  • Cagdas Dogan

BGC Partners: TURKEY - Retail sales volume maintained a strong trend i...

According to Turkstat, retail sales volume registered a 9.6% y/y expansion in January 2020 in unadjusted terms; while the calendar-adjusted figure also increased by 9.6% y/y in January, which is a quite strong figure, albeit indicating a mild slow down compared to the 11.9% increase recorded in December 2019.

Cagdas Dogan
  • Cagdas Dogan

BGC Partners: Industrial production maintained a strong trend in Janua...

According to Turkstat, industrial production (IP-NSA) registered a 7.8% y/y increase in January 2020; whereas, the calendar-adjusted IP rose by 7.9% y/y in January, which is a quite strong figure, albeit indicating a mild slow down compared to the 9.0% increase recorded in December 2019.

Cagdas Dogan
  • Cagdas Dogan

BGC Partners: TURKEY - WEEKLY FX FLOWS: FX deposits UP, foreigners por...

DEPOSITS: Total non-bank FX deposits in the Turkish banking system increased by another US$2.7bn during the week of March 6, following the US$2.1bn increase in the previous week. We should note that both individual and corporate FX deposits have increased during last week. As such, non-bank FX deposits increased by US$8.3bn year-to-date and increased by US$27.5bn over a year ago.

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