ECB Concerned Over EU Banks' Exposure to Turkey -FT

Date : 08/10/2018 @ 6:49AM
Source : Dow Jones News
Stock : Bbva Banco Frances S.A. (BFR)
Quote : 11.98  -0.2 (-1.64%) @ 9:01PM

ECB Concerned Over EU Banks' Exposure to Turkey -FT

Bbva Banco Frances (NYSE:BFR)
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--As the lira falls, the European Central Bank has become concerned about the exposure of banks such as BBVA, BNP Paribas and UniCredit to Turkey, the Financial Times reports, citing unnamed sources.

--The ECB's Single Supervisory Mechanism, created to monitor the activity of Europe's biggest lenders, doesn't yet see the situation as critical, but is concerned about Turkish borrowers defaulting on foreign-currency loans, according to the FT.


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(END) Dow Jones Newswires

August 10, 2018 02:34 ET (06:34 GMT)

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