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Wednesday, April 21, 2010

Turkish Banks focus too much on energy, says finance director

"Turkish Banks focus too much on energy, says finance director

Turkish bank investments in energy projects have left them with too much risk in the sector, according to Mert Tarlan, global finance director for Unit Group Turkey.

“There are limits to the banks’ exposure” to the energy sector, said Tarlan, speaking on Tuesday at the sixth annual EuroFinance conference."

More:Turkish Banks focus too much on energy, says finance director - Hurriyet Daily News and Economic Review