8,643.88 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.07 TRY Interest Interest
75.11 USD Fossil Oil Fossil Oil
32.50 USD Silver Silver
4.45 USD Copper Copper
102.15 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,026.19 TRY Gold (gr) Gold (gr)

Moody's evaluated the Turkish banking sector

International credit rating agency Moody's reported that the TL credit restriction of the BRSA is negative for the credit rating of the banking sector. In the statement, it was stated that the refinancing risk of the companies increased with the TL credit restriction, and this could deteriorate the credit quality of the banking sector.

Moody's evaluated the Turkish banking sector

Moody's Banking Regulation and Supervision Agency (BDDK) has announced that the regulation that limits the use of TL loans by companies with foreign currency assets is negative for the credit rating of the banking sector.

In its report on the subject, the institution stated that the regulation made last month will harm the credit quality of banks and reduce investor confidence.

In the report, which pointed out that the refinancing risk of companies has increased, it was stated that the banking sector may cause pressure on asset quality.

In the statement, "Authorities are taking various measures to alleviate the pressure on the exchange rate, but the effects of these measures are diminishing and they do not respond to 'unorthodox policies', which is the main reason for the depreciation of the TL." expression was used.

The report also warned that the decrease in the foreign exchange assets of the companies after the BRSA regulation may reduce the resistance of the companies to the depreciation in the exchange rate.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Treasury and Finance Minister Şimşek evaluated foreign trade data

Sunday, November 3, 2024

IMF: EU slowdown, US strength

Friday, October 25, 2024

Germany considers new economic plan

Friday, October 25, 2024

World Bank finances Türkiye $1.9 billion for 4 projects

Wednesday, October 23, 2024

Ministry of Energy and Natural Resources aims to increase the use of domestic resources in electricity generation

Sunday, October 20, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now