UAE Lenders Fill Turkey Financing Void Left by Global Banks
- ADCB, ENBD provided 61% of syndicated loans to banks this year
- Global banks turned cautious over economic policy concerns
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United Arab Emirates-based banks are increasing loans to their Turkish counterparts, filling a gap left by Western lenders that have retreated amid concerns over the country’s increasingly restrictive regulatory environment under President Recep Tayyip Erdogan.