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Rosy outlook for Turkey banks clouded by currency plunge - Gulf Times

... for Turkey banks clouded by currency plungeGulf Times“Turkey is now running the risk of damaging the banking sector,” said Inan ...


Turkish Banks Seen Benefiting From Rate Hike, Stable Lira - Bloomberg

... Turkey Raises Rates to Halt Slide Into Currency Crisis. The central bank acted after three weeks of turmoil on Turkey's currency markets. President Recep Tayyip Erdogan, who's seeking re-election next month, has publicly opposed any moves to ...Turkish Lira Recovers After Rise in Key Interest RateWall Street JournalTurkey's Currency Plunges...


Dubai's Biggest Bank Bets $3.2 Billion on Turkey's Wild Ride - Bloomberg

... Wild RideBloombergTurkey's highly-competitive banking sector, with 51 lenders and $737 billion of assets, is struggling as a supply of government-backed credit starts to run out. President Recep Tayyip Erdogan is pressing banks to keep extending loans at interest rates ...Emi...


Turkey Could Use a Few More Reserves, and a Somewhat Less Creative Banking System - Council on Foreign Relations (blog)

... Less Creative Banking SystemCouncil on Foreign Relations (blog)Turkey's currency initially rallied after the central bank raised interest rates yesterday. Perhaps a bit more orthodoxy is all it will take to restore a modicum of stability to Turkey's markets. Then again, the lira's rally didn't last long. Even if ...Turkey Rate Hike Hasn'...


UPDATE 2-Turkey's banks cut mortgage rates, heeding Erdogan's call - Reuters

... callReutersISTANBUL, May 10 (Reuters) - Two of Turkey's largest state-owned banks lowered their mortgage rates on Thursday, a day after President Tayyip Erdogan met with heads of local banks and urged them to boost lending to real estate, one of the pillars of ...Turkey's Ziraat Bank lowers housing loan interest rate to 0.98 percentHurriyet Daily NewsTurkey&...


Turkey's banks present hurdle for Erdogan recovery - Financial Times

... latest capitulation may have helped to keep Turkey out of the headlines in recent weeks but some believe the latter's banking sector could ultimately provide the most dramatic fireworks. When a country has loaded up on foreign ...After Argentina, watch out for Turkey's banks – FTAhvalall 3 news articles »...



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