DBRS, a global credit rating agency (CRA), commented on the impact of the Turkish currency crisis on the European banks, in a statement released on Tuesday.
Key Points (via Reuters):
Large European banks with exposure to Turkey face a manageable impact on capital ratios.
Most exposed banks to Turkey, through subsidiaries or equity investments, include BBVA, UniCredit, BNP Paribas, ING and HSBC.
“Nevertheless, DBRS considers the overall impact to be manageable given the banks’ diversified business models and strategies in place for their emerging markets exposures.”
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