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Thursday, November 03, 2011

Turkey's Moves Expected to Hurt Bank Profits - WSJ.com

Turkey's Moves Expected to Hurt Bank Profits

By JOE PARKINSON

ISTANBUL—Turkey's tightly regulated banks, which have been raking in record profits, are expected to show a change of fortunes as a monetary policy focused on curbing bank lending, coupled with falling consumer demand, erodes margins.

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