Turkish banks achieve tighter pricing in refi round

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Turkish banks achieve tighter pricing in refi round

Turkey PA 230 x150
A balloon with a Turkish flag is seen at Anitkabir, the Mausoleum of modern Turkey's founder and first president Mustafa Kemal Ataturk, as Turkish citizens celebrate the 94th anniversary of the Republic Day in Ankara, Turkey on October 29, 2017. (Photo by Altan Gocher/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

Lenders have allowed a cut to Turkish bank margins in their latest refinancing round, according to people familiar with the matter, as the lira recovers from its 2018 crash and the local regulator becomes tougher on bad loans.

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