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Friday, September 26, 2008

Turkish banks to face difficult times to renew securitization loans

"Turkish banks to face difficult times to renew securitization loans
Turkish banks are going to face tough times in renewing the remaining $4 billion securitization loans amid growing the global credit crunch, experts warn on Friday.

Turkish banks to face difficult times to renew securitization loans

Experts said the good news is that the credit crunch has not turned into a liquidity crisis for now, but it is inevitable there would be an increase in the costs of the loans, Referans business daily reported."

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