Turkish Banks' High Dependence On Foreign-currency Funding Likely To Restrain Credit Growth"

International credit rating organization Moody's urged that Turkish banks might slow their lending growth as foreign currency funding was expected to become more expensive, in a report published on Oct. 1.

Moody's report, entitled "High dependence on Foreign funding is a Significant risk for Credit growth, announced, "Turkish banks may slow their lending growth in 2015-16, as foreign currency funding will likely become more expensive". - Istanbul