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Moody's notes that the sudden increase in problem loans is negative for banks in terms of credit ratings, noting that the volume of problem loans in Turkish banks has risen sharply in the last week of June
. "The data showed that the highest weekly wage increase of ten years was experienced by 7% (or $ 800 million) over the previous week, published at the end of the week of June 29." in terms of the negative note, "the statement said.
Fitch updated credit downgrades of Turkey
Provisions for loan losses of banks in strong increase and become continuous non-performing loans difficult to increase
Moody's predicts that the ratio of problem loans will reach a "well above" level of 4% over the next 12 to 18 years month. According to BRSA data, the ratio of sector tracking receivables to total loans is 2.8% in May.
Source: Reuters
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