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Turkey's skyrocketing inflation is flashing warning signals for Gulf banks

September 02, 2022

Ratings agency Fitch calculates that GCC banks with Turkish subsidiaries posted net losses of roughly $950 million in the first half of 2022.

Source: https://www.cnbc.com/2022/09/02/turkeys-skyrocketing-inflation-threatens-more-losses-for-gulf-banks.html
 
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