The DBRS, rating agency, informed earlier this week that the impact created on the capital of the banks of Europe that are “most exposed to the Turkish lira crisis” could be contained in a manageable situation.
According to the agency, the banks which are most “exposed to Turkey”, whether in the form of equity investments or subsidiaries, include BBVA, UniCredit, BNP Paribas, ING and HSBC. Moreover, there are expectations of “negative impact” effecting profitability besides asset quality taking a dip in the case of some banks. According to a statement:
“Nevertheless, DBRS considers the overall impact to be manageable given the banks’ diversified business models and strategies in place for their emerging markets exposures”.
References:
reuters.com
According to the agency, the banks which are most “exposed to Turkey”, whether in the form of equity investments or subsidiaries, include BBVA, UniCredit, BNP Paribas, ING and HSBC. Moreover, there are expectations of “negative impact” effecting profitability besides asset quality taking a dip in the case of some banks. According to a statement:
“Nevertheless, DBRS considers the overall impact to be manageable given the banks’ diversified business models and strategies in place for their emerging markets exposures”.
References:
reuters.com
