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BGC Partners - TURKEY - WEEKLY FX FLOWS: Residents remained buyers of FX, foreigners sold portfolio, swap-adj. CBT net reserves increased…
DEPOSITS: Total non-bank FX deposits in the Turkish banking system increased by US$0.8bn during the week of May 24, as it did during the previous two weeks. We should note that it was mainly corporates who bought FX during the last week. As such, non-bank FX deposits increased by US$4.3bn over the past three weeks after having declined by US$3.0bn during the previous five weeks since 29-Mar. Meanwhile, non-bank FX deposits are up US$23.6bn 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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