Turkey Banks to Struggle Renewing Loans, HSBC’s Erelcin Says
February 08, 2012, 9:26 AM EST
By Benjamin Harvey
(Updates with central bank data in fourth paragraph, governor in sixth, Akbank in eighth, JPMorgan in ninth.)
Feb. 8 (Bloomberg) -- Turkish banks may struggle to renew their syndicated loans this year as European banks reduce their exposure and increase capital, according to Ahmet Erelcin, managing director for HSBC Investment Services in Turkey.
More:Turkey Banks to Struggle Renewing Loans, HSBC’s Erelcin Says - Businessweek
