9/26/2008

S&P: Turkish bank fundamentals stand strong to strains

Hurriyet English - Turkish bank fundamentals are standing up both to domestic and international strains, Standard and Poor's said in its report titled as Bank Industry Risk Analysis: Turkish Banks Withstand Heightened Environmental Hurdles. Unlike other emerging markets in the region, particularly in the Commonwealth of Independent States, Turkish banks benefit from diversified funding and good liquidity, with relatively moderate reliance on international wholesale funds, S&P said in the report.

ENGLISH