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Bank Short-Term Debt Still High; Refinancing Pressures Reduced - Fitch

TURKEY
  • Refinancing pressures have reduced for Turkish banks, following Turkiye’s significant post-election policy shift, which includes progress towards a more conventional and consistent policy mix, and normalisation of monetary policy, as evidenced by banks’ recent market access, Fitch Ratings says in a new report.
  • Refinancing risks still stand, however, given significant exposure to external foreign-currency (FC) wholesale funding and high and rising short-term external FC borrowings, Fitch say.
  • Full report here.

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