Turkey banks jump after Fitch lifts outlooks to positive

Turkiye Is Bankasi AS

29/01/2026 09:43

** Shares in Turkish banks rise more than 4% on Thursday after credit rating agency Fitch revised the outlooks of four major lenders to positive

** Turkey's main banking index .XBANK climbed 4%, while the benchmark BIST 100 .XU100 gained 1.7%

** Fitch revises the outlooks of Akbank, Garanti Bankasi, Is Bankasi and Yapi Kredi to positive from stable, while affirming their long‑term foreign‑ and local‑currency issuer default ratings at ‘BB-’

** "The rise in the banking index was largely driven by Fitch's revision of the sector outlook to positive" said brokerage Gedik Yatırım banking analyst Nesrin Aköz

** Akoz added that continued gains were also supported by perceptions of increased foreign interest, noting that this sentiment was fuelled by yesterday's news regarding Blacrock, which had lifted Akbank shares

** Shares of Akbank AKBNK.IS, Is Bankasi ISCTR.IS and Yapi Kredi YKBNK.IS rise between 3.5% and 5.2%

 (Reporting by Canan Sevgili)

 ((canan.sevgili@thomsonreuters.com))