Spain’s BBVA is the international lender most exposed to Turkey, deriving a third of its pre-tax profits from a country where the currency is in free fall and inflation is in double digits, Reuters reported on Monday, citing ABN AMRO analysts. Following June’s snap election, President Recep Tayyip Erdoğan — a self-declared enemy of high interest rates — appointed his son-in-law Berat Albayrak to...
from merihnews http://www.merihnews.com/2018/07/18/report-spains-bbva-tops-list-of-foreign-banks-exposed-to-turkey/
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