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View Full Version : Turkey Banks to Struggle Renewing Loans, HSBC's Erelcin Says - Bloomberg



NewsWhore
02-08-2012, 10:40 AM
Turkey Banks to Struggle Renewing Loans, HSBC's Erelcin Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF8P0goSe7ubmTFlkYFcYfwSnmBGA&url=http://www.bloomberg.com/news/2012-02-08/turkish-banks-may-struggle-to-renew-loans-hsbc-s-erelcin-says.html)
Bloomberg
Turkish banks need to refinance foreign currency loans totaling at least $12.9 billion this year, according to data compiled by Bloomberg, as banks in Europe pare lending due to the euro area crisis. Demand for dollars from Turkish corporates to repay ...

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