Home Page : Archive News : September 2022 News : Turkey's skyrocketing inflation is flashing warning signals for Gulf banks | |
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 |