Deutsche Bank Sides With Goldman Betting on Turkey Bank Drop – Bloomberg 02-14-13

Salient to Investors:

Albert Krespin at Deutsche Bank expects Turkish banking shares to continue their correction in the near-term, and advises switching from banking shares to industrial companies, which offer higher dividends.

Dmitry Trembovolsky and Alexey Butylin at Goldman Sachs advised selling Turkish banks last week as earnings will decline and repatriation of money into the US could threaten economic stability in Turkey.

Ovunc Gursoy at Yapi Kredi Yatirim Menkul Degerler said banks will have a positive 2013 despite short-term risks as the good, stable trends in net interest margins will continue until at least Q3 2013. Gursoy said investors were nervous about a probe by the antitrust board into whether 12 Turkish banks colluded to set interest rates.

Read the full article at http://www.bloomberg.com/news/2013-02-13/deutsche-bank-sides-with-goldman-betting-on-turkish-bank-decline.html

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