BNP Paribas’ share price is down more than 3% this morning on fears in Turkey. Due to US sanctions, Turkey’s currency has plunged by more than 30% this year. BNP Paribas has an exposure via the Turkish bank TEB (of which it owns about 80%). We are using a currency risk appWe are assuming that loans are funded with domestic deposit resources which, theoretically, offset the currency risk on these same loans. We believe the currency risk mainly impacts TEB’s common equity tier
10 Aug 2018
A Turkish story...
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A Turkish story...
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
10 Aug 2018 -
Author:
Farhad Moshiri -
Pages:
2
BNP Paribas’ share price is down more than 3% this morning on fears in Turkey. Due to US sanctions, Turkey’s currency has plunged by more than 30% this year. BNP Paribas has an exposure via the Turkish bank TEB (of which it owns about 80%). We are using a currency risk appWe are assuming that loans are funded with domestic deposit resources which, theoretically, offset the currency risk on these same loans. We believe the currency risk mainly impacts TEB’s common equity tier