EEMEA round-up: Turkey

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EEMEA round-up: Turkey

Turkey’s banks survived a full-blown crisis this year, but they retain a high risk profile, according to a report by Standard & Poor’s.

Although their ability to withstand inflationary pressures, political tensions and ballooning debt prices this summer showed that restructuring of the sector had brought some positive effects, risks to the sector’s future remain. The largest of these are connected to what the report calls Turkey’s “fragile economic and financial environment”.

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