Report

BBVA : Keep calm while Turkey on; Opinion and Recommendations maintained as turmoil in Turkey is manageable for the group and creates opportunities

The already difficult environment in Turkey worsened further early August following diplomatic tensions with the US and sanctions imposed on the country by the US administration. These added to the concerns about an overheating economy, soaring inflation and currency depreciation which were already there in May when we published our latest report on BBVA, but to a (much) smaller extent. Indisputably, the situation in Turkey is acute; S&P and Moody’s downgraded on 17 August Turkey...
Underlying
Banco BBVA Argentina SA

BBVA Banco Frances is engaged in general banking activities. Services provided include deposits, checking and savings accounts, automatic teller machines (ATMs), VISA credit cards, mortgage financing, commercial and personal loans, electronic collections, foreign currency transactions, investment advisory services, custody of securities, and travelers' checks. Co. has operating centers throughout Argentina. As of Dec 31 2016, Co. operates a 302 attention-to-clients units, 251 of which are retail branches and 34 are specialized in the small and middle-market companies and institutions. As of Dec 31 2016, Co. had total assets of Arg$151,752,711,000 and total deposits of Arg$114,621,753,000.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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