BBVA delays Turkey hyperinflation accounting exit to 2030, sees Garanti profit surge

BBVA has pushed back the end of hyperinflation accounting in Turkey to 2030, later than previously expected, implying a prolonged period of high inflation in the country. The bank expects Garanti's contribution to double in a more benign environment compared to its 2026 guidance, signaling a delayed but potentially larger earnings upside. This reflects ongoing macroeconomic instability in Turkey and its impact on foreign banks' operations.

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