EuroWeek View: Second tier Turkish banks to bear brunt of lenders' increased costs

Banks are beginning to question whether the ancillary business on offer really justifies losses on cut-price loans to Turkish banks. The debate may not lead to increased pricing for the top tier names but it doesn’t bode well for the borrowing costs of smaller Turkish FIs.

  • 13 Sep 2011
Yapi Kredi, a well-connected Turkish bank, is still in negotiations with lenders about the pricing on its latest one year refinancing loan. The fact that the issue of pricing was not put to bed immediately is surprising. The top tier Turkish banks have a well established tradition of ...

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