{"id":13415,"date":"2012-03-27T12:50:29","date_gmt":"2012-03-27T10:50:29","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=13415"},"modified":"2012-03-27T12:50:38","modified_gmt":"2012-03-27T10:50:38","slug":"bankalarin-hisse-senedi-devri","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/bankalarin-hisse-senedi-devri\/","title":{"rendered":"Bankalar\u0131n Hisse Senedi Devri"},"content":{"rendered":"<p>Bankac\u0131l\u0131k sekt\u00f6r\u00fcn\u00fc d\u0131\u015f sermayeye a\u00e7t\u0131\u011f\u0131n\u0131zda \u00fczerinde pek durulmayan iki risk daha sonra ortaya \u00e7\u0131kar.<br \/>\nBirincisi, &#8220;event risk&#8221; diye adland\u0131r\u0131lan, banka hisselerinin daha d\u00fc\u015f\u00fck kredi notuna sahip ki\u015filere sat\u0131lmas\u0131d\u0131r.<br \/>\n\u0130kincisi ise, banka hisselerini sat\u0131n alanlar\u0131n \u015fu ya da bu nedenle zora d\u00fc\u015fmesi durumunda ellerindeki paylar\u0131 s\u00fcratle satma gere\u011finden do\u011fan risktir.<br \/>\nBu iki riskin ba\u015flang\u0131\u00e7ta iyi hesap edilmesi ve ilgili \u00fclkelerin denetim kurumlar\u0131n\u0131n g\u00f6r\u00fc\u015f\u00fc de al\u0131narak izinlerine konulmas\u0131 gerekir.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3112044474\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p><strong>UYGULAMA BA\u015eKA&#8230;<\/strong><br \/>\nNe yaz\u0131k ki uygulamada bu b\u00f6yle olmaz. \u0130\u015f aceleye gelir. Daha sonra yumurta kap\u0131ya dayan\u0131nca \u00e7\u00f6z\u00fcm aran\u0131r.<br \/>\nSon olarak Citigroup&#8217; un Akbank&#8217;taki hisse senetlerini satma iste\u011fini ilan etmesi de buna benziyor.<br \/>\nCitigroup, 2006 y\u0131l\u0131nda stratejik ortak olarak girdi\u011fi Akbank&#8217;taki y\u00fczde 20 oran\u0131ndaki pay\u0131n\u0131 y\u00fczde 10 seviyesine d\u00fc\u015f\u00fcrece\u011fini a\u00e7\u0131klay\u0131nca, Bankac\u0131l\u0131k D\u00fczenleme ve Denetleme Kurumu (BDDK) yetkilileri tepkide bulundu.<br \/>\nBiliyorsunuz, Citigroup&#8217;un bankas\u0131 olan Citibank ABD yetkililerinin ge\u00e7enlerde yapt\u0131\u011f\u0131 stres testinden ge\u00e7emedi. Sermaye yeterlili\u011finin azl\u0131\u011f\u0131 bu testten ge\u00e7mesini engelledi. B\u00fcy\u00fck bir olas\u0131l\u0131kla Akbank&#8217;taki hisselerin sat\u0131\u015f karar\u0131 da bu nedenle al\u0131nd\u0131.<br \/>\nBuna s\u00f6ylenecek bir s\u00f6z olamaz.<\/p>\n<p><strong>BDDK&#8217;NIN STRATEJ\u0130 DE\u011e\u0130\u015eT\u0130RMES\u0130 GEREK<\/strong><br \/>\nAncak burada zor duruma d\u00fc\u015fen bir ba\u015fka kurum da BDDK.<br \/>\nBDDK &#8220;K\u0131sa vadeli nitelikte ve perde arkas\u0131nda kim oldu\u011funu bilmedi\u011fim sat\u0131\u015flara izin vermem&#8221; diyor.<br \/>\nUluslararas\u0131 finans sisteminin derinli\u011finin ve karma\u015f\u0131kl\u0131\u011f\u0131n\u0131n bu gerek\u00e7eyi hakl\u0131 \u00e7\u0131karma konusunda BDDK&#8217;ya yard\u0131mc\u0131 olaca\u011f\u0131n\u0131 san\u0131yorum.<br \/>\nHer \u015feyden \u00f6nce k\u0131sa vadeli yat\u0131r\u0131mc\u0131n\u0131n kim oldu\u011funun tespiti zordur. Bir hedge fon Akbank&#8217; \u0131n hisse senetlerini sat\u0131n alsa BDDK bu sat\u0131\u015fa &#8220;Hay\u0131r&#8221;m\u0131 diyecektir?<br \/>\n\u00d6te yandan k\u00fcresel kriz s\u0131ras\u0131nda yara almam\u0131\u015f uluslararas\u0131 banka ya da finans kurumlar\u0131n\u0131 bulmak olduk\u00e7a g\u00fc\u00e7t\u00fcr.<br \/>\nYap\u0131lacak olan T\u00fcrk bankac\u0131l\u0131k sisteminin yap\u0131s\u0131 da dikkate al\u0131narak bu t\u00fcr devirlerde strateji de\u011fi\u015ftirmektir. \u00d6rne\u011fin y\u00fczde 49 ve alt\u0131ndaki orandaki banka hisse sat\u0131\u015flar\u0131na kar\u0131\u015fmaman\u0131n ve hisseleri devralan kurulu\u015fu daha sonra s\u0131k\u0131 bir bi\u00e7imde kontrol etmenin daha do\u011fru bir yakla\u015f\u0131m olaca\u011f\u0131n\u0131 san\u0131yorum.<br \/>\nAlternatif bir yol da sat\u0131\u015f\u0131 yapacak kurum ve ilgili \u00fclke yetkilileriyle derhal temasa ge\u00e7ip s\u00fcreci beraber takip etmektir.<\/p>\n<p>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <strong><a href=\"http:\/\/www.bloomberght.com\/ht-yazarlar\/gazi-ercel\/1109859-bankalarin-hisse-senedi-devri\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bankac\u0131l\u0131k sekt\u00f6r\u00fcn\u00fc d\u0131\u015f sermayeye a\u00e7t\u0131\u011f\u0131n\u0131zda \u00fczerinde pek durulmayan iki risk daha sonra ortaya \u00e7\u0131kar. Birincisi, &#8220;event risk&#8221; diye adland\u0131r\u0131lan, banka hisselerinin daha d\u00fc\u015f\u00fck kredi notuna&hellip;<\/p>\n","protected":false},"author":418,"featured_media":5395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/13415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/418"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=13415"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/13415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/5395"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=13415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=13415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=13415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}