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Aug. 10, 2018, 2:31 a.m. EDT

ECB worries that some European banks may be too exposed to Turkey: FT

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By Barbara Kollmeyer

The European Central Bank is getting increasingly concerned about the exposure of exposure of some banks in the region -- specifically from Spain, Italy and France -- to the woes of Turkey, the Financial Times reported Friday, citing two sources close to the situation. Spain's BBVA SA /zigman2/quotes/209653399/delayed ES:BBVA +0.12% /zigman2/quotes/204078760/composite BBVA -0.36% , Italy's Unicredit SpA /zigman2/quotes/200769686/delayed IT:UCG -3.89% and France's BNP Paribas SA /zigman2/quotes/206351084/delayed FR:BNP -0.08% , among the biggest lenders to the country, have come under closer scrutiny by the Single Supervisory Mechanism, the ECB's arm charged with monitoring the region's banks. The lira /zigman2/quotes/210561895/realtime/sampled USDTRY -0.0016% was down another 9% against the dollar on Friday to 6.0497, as investors waited to hear from Finance and Treasury Minister, Berat Albayrak, who is expected to announce a "new economic model" in a speech on Friday.

/zigman2/quotes/209653399/delayed
ES : Spain: Madrid
5.11
+0.0060 +0.12%
Volume: 22.91M
Feb. 21, 2020 5:38p
P/E Ratio
9.67
Dividend Yield
4.12%
Market Cap
€34.01 billion
Rev. per Employee
€180,879
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/zigman2/quotes/204078760/composite
US : U.S.: NYSE
$ 5.52
-0.02 -0.36%
Volume: 4.07M
Feb. 21, 2020 6:30p
P/E Ratio
6.97
Dividend Yield
4.15%
Market Cap
$36.74 billion
Rev. per Employee
$213,392
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/zigman2/quotes/200769686/delayed
IT : Italy: Milan
13.18
-0.53 -3.89%
Volume: 38.01M
Feb. 21, 2020 5:35p
P/E Ratio
6.04
Dividend Yield
4.78%
Market Cap
€29.44 billion
Rev. per Employee
€80,793
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/zigman2/quotes/206351084/delayed
FR : France: Euronext Paris
53.22
-0.04 -0.08%
Volume: 4.70M
Feb. 21, 2020 5:35p
P/E Ratio
8.58
Dividend Yield
5.67%
Market Cap
€66.45 billion
Rev. per Employee
€456,254
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/zigman2/quotes/210561895/realtime/sampled
US : Tullett Prebon
6.0964
-0.0001 -0.0016%
Volume: 0.0000
Feb. 21, 2020 4:59p
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