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BGC Partners: TURKEY - FX RESERVES & WEEKLY FLOWS: Resident corporates sold FX, foreigners bought some equities but sold bonds, CBT net reserves increased
Total non-bank FX deposits in the Turkish banking system increased by US$0.4bn during the week of June 28, following the US$1.8bn increase in the previous week. We should note that individuals bought while corporate sector mainly sold during last week. It is worth to note that public sector FX deposits rose by US$2.2bn last week. As such, non-bank FX deposits increased by US$5.1bn since 29-Mar and by US$27.4bn year-to-date.
Provider
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
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