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Wednesday, October 15, 2008

Turkish banking system resilient, but faces tougher conditions

"Turkish banking system resilient, but faces tougher conditions
The Turkish banking system is in a stronger shape; however, it faces tougher economic conditions, the international credit agency Moody's said on Wednesday.

Turkish banking system resilient, but faces tougher conditions

The Turkish banking system is continuing to exhibit healthy profitability and mostly solid asset quality on the back of a growing, though slowing economy, Moody’s said in its new Banking System Outlook for Turkey report."

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