Riyadh - Mubasher: The National Commercial Bank (NCB) said that it will not be affected by the plummeting Turkish currency, as Turkey Finance represents only 2.7% of its total profits.
The bank owns 67.03% of the “Türkiye Finans” bank in Turkey, and its investments represents 3.7% of the NCB’s net assets.
Despite the falling local currency, Turkey Finans maintains high levels of liquidity coverage and capital adequacy, according to the bank’s statement to the Saudi Stock Exchange (Tadawul).
