Fitch revises Turkish banks' outlook as positive

International rating organization, Fitch, revised on Wednesday rating of 15 Turkish banks as positive.

Fitch revises Turkish banks' outlook as positive

International rating organization, Fitch, revised on Wednesday rating of 15 Turkish banks as positive.

In its report on the outlook of Turkish banking industry, Fitch said 15 of 28 Turkish banks had a positive outlook, and it could raise the rating of those 15 banks in the next 18 months.

Fitch said Turkish banks had not been affected so much by the global economic crisis, despite their positive outlook, Turkish banks might face some problems in 2011.

Fitch forecast bank credit volume growth around 25 percent for 2011, and Turkey's year-end growth around 5 percent.

The international rating organization, Fitch, upgraded Turkey's rating to "positive" from "stable" in November 2010.

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Last Mod: 10 Şubat 2011, 09:58
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