Deposits Of Turkish Lenders 'Stable': Fitch Ratings

The deposits of Turkish banks are stable and foreign funding access to them has also been retained, Fitch Ratings tweeted on Thursday.



In another tweet, the credit rating agency said: "Turkish banks highly dependent on foreign funding #FitchCredit".



It also said political risks could undermine economic performance and the bank's asset quality.



Negative outlooks in Turkey, South Africa, Brazil, Saudi Arabia, and Colombia contribute to downside risks for banks, it said.



Fitch also tweeted that loan exposure to seized companies had been minimal.



The credit rating agency is expected to release its review on Turkey on Jan. 27. -