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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI China Daily Summary: Wednesday, December 11
Companies Struggle to Access Finance; Trading Concludes Early Ahead of Eid Holiday
- Dunya report that companies are finding it increasingly difficult to access credit, with sector representatives warning that if liquidity problems are not resolved, bankruptcies and employment losses will increase. Some private banks have reduced loan maturities from 12 months to 3-6 months, as they do not want to take risks in lending loans to SMEs due to the uncertainty surrounding the elections.
- Meanwhile, Ekonomi write that the deterioration in the loan deposit yield spread due to regulations and decreasing yields of CPI-indexed bonds has adversely affected the net profit of the banking sector in Q1-2023. According to reports from brokerage houses, the net profit of the banking sector may decrease by 40% compared to Q4-2022, they say.
- Note the Borsa Istanbul exchange closes early today ahead of the Eid holiday on Friday. Markets will remain shut tomorrow.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.