New Market Study Published: Turkey Commercial Banking Report Q3 2012
BMI View: The broad-based improvement in global risk sentiment witnessed since the start of 2012 has prompted us to revise our end-year Turkish banking sector asset and loan growth forecasts up to 10.0% and 12.0% respectively, from 6.0% and 8.0% previously. Nonetheless, a combination of latent external risks, a slowing domestic economy, rising non-performing loans and tighter monetary policy will see domestic banks come under pressure this year. While the financial sector's relatively strong capital and leverage ratios will provide...
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