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Qatari Lender CBQ Won't Exit Turkey After $273 Million Lira Blow - Bloomberg

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The lira’s unpredictability weighed on Commercial Bank of Qatar last year, but the lender’s chief executive officer said it has no plans to exit Turkey.

The bank took a hit of about 1 billion Qatari riyals ($273 million) on its investments in Turkey, Joseph Abraham said in a Bloomberg TV interview on Thursday. “That sort of impact is very hard to stomach.”

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Qatari Lender CBQ Won't Exit Turkey After $273 Million Lira Blow - Bloomberg
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