trending Market Intelligence /marketintelligence/en/news-insights/trending/wobus1YI1QEIsDfUYkydow2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Turkey to establish mortgage financing firm

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Turkey to establish mortgage financing firm

Turkey will set up a mortgage financing company to be called Birlesik Ipotek Finansmani AS, Bloomberg News reported.

Similar to Fannie Mae in the U.S., the new company will issue mortgage-backed securities in an effort to help citizens with lower incomes buy houses, according to the Dec. 25 report.

The Turkish Treasury will provide 500,000 Turkish lira as founding capital and will own a 5% stake in the company. Birlesik Ipotek Finansmani will have an initial capital of 10 million lira, the report said, citing a presidential decree published by the country's official gazette. The other owners of the company were not disclosed, Bloomberg noted.

According to official data, mortgage loans account for approximately 7.5% of total loans in Turkey's banking sector, while the share of mortgages in total home sales is approximately 35%, Bloomberg said.