Monday, July 24, 2006

Financial Mirror-Turkish banking system: positive but with challenges

"Turkish banking system: positive but with challenges

24/07/2006
www.financialmirror.com

Moody’s Investors Service published a new Banking System Outlook for Turkey on Monday and reports that the medium-term stable outlook for Turkey's banking system is positive, reflecting the banks' developing franchises and strong financial metrics.

The report also takes into consideration financial markets turbulence that could disrupt projected franchise development and hurt short-term financial performance, depending on its severity and duration."

More:Financial Mirror