July 16, 2018 / 5:19 AM / 3 months ago

Moody's expects problem loans at Turkish banks to rise to more 4 percent

ISTANBUL, July 16 (Reuters) - Moody’s ratings expects problem loans at Turkish banks to increase to more than 4 percent of loans over the next 12-18 months compared with a low of 2.9 percent in May, the ratings agency said in a statement on Monday.

Moody’s said a spike in the problem loans was credit negative for Turkish banks. A strong, consistent rise in problem loans would also weaken asset quality and require larger loan-loss provisions. (Reporting by Ezgi Erkoyun Editing by Eric Meijer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below