Fitch: Turkish banks to keep access to capital markets
International credit rating agency Fitch Ratings expects Turkish banks to keep accessing to capital markets.
Evaluating the Turkish banks’ outlook ahead of potential U.S. FED rate hikes, the agency said they could impact the margins of Turkish banks, given their high dependence on U.S. dollar funding.
Fitch, however, believes that Turkey has the means to overcome the hardships and risks linked to the potential rate hike.
Regarding the possible effects of a sharp volatility of the Turkish lira, Liddell pointed out that lending by the Turkish banking sector constituted a potential credit risk.