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Global Banks Are Seeking Relaxed Terms on Turkey Loan Rules - Bloomberg

... deal with a rising number of problem loans as Turkish companies struggle to service their foreign debt due to a slump in the lira and a binge on cheap dollar borrowing over the past decade. More than $20 billion of loans have ......


Turkish banks 'could run out of dollars' in 9 months - Business Insider

... in 9 monthsBusiness InsiderLONDON — Turkish banks do not have enough money to cover their liabilities, and if the FX credit markets don't agree to roll over those debts then "with confidence running so low, the fact that banks could run out of dollars leaves them vulner...


RPT-Turkish central bank seen leaving rates unchanged as lira rebounds - Reuters

... reboundsReutersANKARA, Oct 19 (Reuters) - Turkey's central bank is likely to keep interest rates on hold next week, a Reuters poll showed on Friday, after a mammoth rate hike last month and the release of a U.S. pastor appear to have underpinned the long-suffering lira.and more&...


Spain needs Turkey's banks to stay solvent - Financial Times

... to stay solventFinancial TimesSpanish banks breathed a sigh of relief this week after Akbank, one of Turkey's largest private lenders, secured a $980m refinancing deal with 23 international partners. What ha...


Turkey's currency crisis is really a banking crisis. But the country isn't doing anything about it. - Washington Post

... isn't doing anything about it.Washington PostTurkey is in the throes of a currency crisis that is threatening to turn into a banking crisis. So, of course, its government just announced it is about to . . . reduce spending? Apparently, yes. In a bid to convince investors it is reembracing the ...After Albayrak's economy program, investor concern turns ...


Işbank becomes latest Turkish bank to secure foreign financing - Ahval

... Turkish bank to secure foreign financingAhvalTurkey's Işbank, the largest listed bank in the country by assets, became the la...



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