Political uncertainties globally and within Turkey, as well as a weakening of the Turkish lira, are making life more unpredictable for Turkey’s banks.
Turkish president Recep Tayyip Erdogan survived a coup d’état in July 2016 and has since won a referendum in April 2017, which handed him wide-sweeping powers. With the impact of the change to Turkey’s constitution yet to be determined, financial institutions in the country are seeking to adapt to upcoming challenges.
