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    Banking crisis may occur in Turkey, Brazil and China

    Bank of International Settlements, Indonesia, Singapore and Thailand are also at risk of crisis

    Baku. 14 September. REPORT.AZ/ Bank for International Settlements (BIS) in quarterly report also includes the possibility of banking crisis in Turkey, Brazil and China.

    Report informs referring to the BIS's report, debt to GDP ratio which indicates the country's ability to pay back its debt, in China, with largest economy among the countries this indicator increased by 25.4% and reached the maximum level. Followed by - Turkey (16.6%), Brazil (15.7%). According to the report, financial history of countries where this ratio exceeds 10%, risk of the formation of the banking crisis is equal to 67%.

    This index equal to10% in Indonesia, Singapore and Thailand.

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