News: 2014-02-21

Emerging markets
Turkish banks: credit agencies list reasons to worry | beyondbrics
"At the moment Turkey’s banks have a large stock of external debt, around 21 per cent of the value of their deposits. On their own the banks may be able to deal with a slightly higher rate of NPLs, but the risk is of a double whammy of rising external costs and a deteriorating loan book. If any rise in the cost of servicing this foreign currency denominated debt and in securing funding from abroad is passed on ...


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