Moody’s: Turkish banking system outlook is negative

Dünya Executive - - OVERVIEW -

The outlook for the Turk sh bank ng system s negat ve due to downs de r sks related to fund ng and asset qual ty, cred t rat ng agency Moody’s said. The operat ng envi ronment for Turk sh banks w ll also remai n challeng ng due to a comb nat on of factors nclud ng slow ng econom c growth, neffect ve monetary pol cy, currency deprec at on and h gh unemployme­nt, Moody’s sad n a report on May 15 . “These factors w ll suppress loan demand and pressure borrowers’ capac ty to repay debt.

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