(Opalesque) A number of European banks with exposure to Turkey face some impact as a result of the current Turkish Lira crisis. The banks most exposed to Turkey through their subsidiaries or equity investments are BBVA, UniCredit, BNPP, ING and HSBC. The capital impact for these banks appears manageable based on DBRS’s simplified stress scenario. However, DBRS expects negative impact on profitability and some deterioration in asset quality for some of these banks.
Impact of Turkish Lira Crisis on Large European Banks
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