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Bank Industry Risk Analysis: Turkey (Republic of) Feb 05
Standard & Poors, Feb 2005
Abstract
The Turkish banking sector retains a high-risk profile. Major reforms and improvements, however, have placed it on the right track to recover further from past crises. The main risks are still the product of the country's fragile economic and financial environment. If the current positive momentum in the financial and economic environment is sustained, however, the banking sector's creditworthiness will continue to improve. Some key risk factors have reduced, particularly those stemming from the high interest rate and currency exposure of the private banks and the subsidized lending of the state banks. The competitive environment is sounder owing to the failure of numerous small and midsize private banks, which used to distort competition. Liquidity is also much stronger following the...
Companies mentioned in this report are: UniCredit SpA,Turkey (Republic of),T.C. Ziraat Bankasi A.S.,Turkiye Garanti Bankasi A.S.,Turkiye Is Bankasi AS,Yapi ve Kredi Bankasi A.S. (former),Dogus Holding A.S.,Yapi ve Kredi Bankasi A.S.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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