Report
Sinan Goksen

Turkey Morning Call - July 28, 2017

> Market comment
> Massive increase in foreign positions in Turkish assets in week to July 21
> CBRT maintains hawkish stance
> Garanti Bank: Forecasts beat despite free provisioning
> TSKB: Good loan growth with no risk cost
> Sabanci's Enerjisa, Zorlu Enerji among bidders for YEKA wind tender
> Tofas 2Q17 results: Operating performance beats expectations
> Turkcell 2Q17 results: Upbeat figures across the board
Underlying
Turkiye Garanti Bankasi Anonim Sirketi

Turkiye Garanti Bankasi is a private banking group based in Turkey. Co. operates as an integrated financial services group in every segment of the sector including corporate, commercial, SME, payment systems, retail, private and investment banking together with subsidiaries in pension and life insurance, leasing, factoring, brokerage, and asset management. Co. provides a range of financial services to 13 million customers through a distribution network of 994 domestic branches; 6 foreign branches in Cyprus, Luxembourg and Malta; 3 international representative offices in London, Dusseldorf and Shanghai with more than 4,152 ATMs, a Call Center and internet.

Provider
Sberbank
Sberbank

​Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

Analysts
Sinan Goksen

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