Title: S&P Global: Turkish and Tunisian Banks Most Exposed to Financial Tightening

S&P Global, a financial services company, stated in a report on Monday that tightening global financing conditions is putting pressure on banking systems in emerging markets, with Turkish and Tunisian banks being the most at risk. The agency noted that it expects Turkish banks to maintain their ability to obtain external financing, albeit with a decline in average loan extension rates, as long as the government controls balance of payments risks. It pointed out that the depreciation of the Turkish lira is affecting the creditworthiness of Turkish companies. Turkish banks also remain significantly exposed to accumulated economic imbalances from previous years, such as the surge in property prices and extremely accommodative monetary policy amid rampant inflation.