Turkish loan margin cuts should come as no surprise 

If angry lenders are looking for someone to blame for Isbank’s attempt to undercut the Turkish FI pricing benchmark, they should begin by looking close to home. 

  • 10 Aug 2012

Lenders heaped criticism on Turkish banks last week as some prepared to shave 10bp off their loan margins in response to Isbank’s attempt to undercut the year’s benchmark level. The accusation levelled at Isbank was that it was doing this just because it could.

But the rage is misplaced. ...

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