Strategy Note /
Global

Turkey banks: Hyperinflation will take its toll

  • For international investors in Turkey, lira weakness is eroding the value of their holdings

  • Galloping inflation (c80%) will force firms to adopt hyperinflation accounting; Qatar’s QNB has already taken this route

  • QNB's Q2 22 profits took a 6% hit due to its Turkey exposure (Finansbank). Total comprehensive income halved

Turkey banks: Hyperinflation will take its toll
Rahul Shah
Rahul Shah

Head of Corporate & Thematic Research

Tellimer Research
12 July 2022
Published byTellimer Research

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