27.02.2009 - Turkish banks face tough year

From Cpifinancial.net: The Turkish banking sector faces a difficult year in 2009, with economic weakness causing earnings pressure on the back of rising non-performing loans and narrowing margins, according to Capital Intelligence. The global financial crisis (and subsequent economic pressure) is adversely impacting the Turkish economy and growth has fallen sharply in recent months following contraction in both consumption and investment. .... Full Article: Source

Print