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Investors have shown a keenness in refreshing their views on Turkish banks after several years of disengagement, Bank of America (BofA) has noted in a report. “The intensity of recent interactions reminds us of the pre-2013 period – years of heavy positioning, single-digit rates, and anticipation of an investment grade,” the investment bank said. This time around the triggers are said to be low positioning and the “normalization” outlook for inflation, rates and banks’ real returns, it added, saying that recent interactions were dominated by long-only investors, unlike in prior years. Most inv…

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