EFTA01388103.pdf

Figure 10 Liquid assets - FX held within ROM constitute the largest portion of liquid assets and can be replaced by unencumbered g-bonds, as suggested by the CBT US05.3bn USD4.9en USD4.5bn USL14.4bn LW 023 0.221 S s"' Akbank Gorant !shank Vatabank Yepi Kredi Cash earl Inc/edits'? RP' Due hum mom MrIles • Del fromPant ■ t% reuses under ROM Sown Gwyn data. Reserves a ROMs,* bands') %elation assumptions' at actor away Figure 12: Short-term refinancing gap - Even under a 'no-rollover ratio' scenario of short-term debt, liquid assets can cover c.95% of ST obligations 134% 112% 106% I 5.3 5.6 5.8 4.5 4.2 4.0 3.9 64ranti Malkbant. Akbarlic vak4bank Yap, Kredi Ilbank NEM liquid assets firc. ROM). USDon t♦ ST FX debt. USOm FX Iquid assets/Short•Ferm FX debt (rhi) Son Cceparry two and beitscbe Bank From: Kazim Andac - Deutsche Bank Sent: 30 May 2018 22:09 To: Kazim Andac Subject: Turkish banks - Vulnerabilities to tighter external financing and refinancing risk CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0091478 CONFIDENTIAL SDNY_GM_00237662 EFTA01388103