Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Hakan Aran, the CEO of Turkey's largest private bank, İşBank, has warned that small and medium-sized enterprises (SMEs) face severe difficulties accessing credit, predicting a highly strained second half for 2026.
Some Turkish words are as sharp and clear as a gleam of a knife. Others confuse you. Yakışır is a particular gem in the latter category. Literally, it means “befitting” or “suits well.” But intonation does all the heavy lifting here. With a twinkle in the eye, yakışır becomes high praise: a friend gets a long-deserved promotion? “Yakışır!” A suave female CEO in her sixties starts dating a younger man with abs and ambition? “Yakışır vallahi!” But delivered with a dry brow and pursed lips, the very same yakışır morphs into biting derision, the sort you might lob at a corrupt bureaucrat who gets caught rigging tenders again or the son of one of the president’s close allies landing an ambassadorial job.
The CEO of Turkey’s largest private lender, İşbank, called for an immediate departure from the government’s economic program, saying that global conditions have made the fight against inflation impossible.