Turkish fears re-intensify, but banks remain unscathed

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Turkish fears re-intensify, but banks remain unscathed

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Turkey's President and leader of ruling Justice and Development Party Recep Tayyip Erdogan delivers a statement on national television from his official residence in Istanbul, late Sunday, June 24, 2018. Erdogan has claimed victory in critical elections based on unofficial results, securing an executive presidency with sweeping powers. Photo by Depo Photos/ABACAPRESS.COM | Depo Photos/ABACA/ABACA/PA Images

Bankers remain confident that Turkey's 'resilient' banking system will weather increasing political and economic volatility, as the country enters a recession and approaches local elections.

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