The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Lira rout sharpens Turkish bank risks

Banks and corporates have continued to ratchet up foreign-currency borrowing over the past two years. The big lira sell off this summer amid a local political crisis highlights how much higher funding costs could bring trouble for Turkish banks.

RTX1FJ5X 600px
Supporters of the pro-Kurdish Peoples' Democratic Party (HDP) light flares as they celebrate along a street after the parliamentary election in Diyarbakir, Turkey, June 7, 2015. Partial results from Turkey's parliamentary election on Sunday put the ruling AK Party on 43.6 percent of the vote, with just under two-thirds of ballots counted, a level which could leave it struggling to form a single-party government. The results, broadcast by CNN Turk, put the pro-Kurdish Peoples' Democratic Party (HDP) at 10.6 percent, just above the 10 percent threshold needed for it to enter parliament. REUTERS/Osman Orsal - RTX1FJ5X
© Osman Orsal / Reuters/REUTERS

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree