Turkish lira banknotes are seen in this picture illustration taken in Istanbul October 18, 2011. REUTERS/Murad Sezer
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Banks in the Gulf region are doing more loan business in Turkey than at any time in at least six years.Costs for Turkey's banks, as measured by the amount they charge to lend each other for three months, surged to 11.89 percent this month, the highest since April 2014 .National Bank of Abu Dhabi PJSC, the biggest bank in the UAE, is building hubs in eight global cities.Abu Dhabi's First Gulf Bank PJSC provided $566.3 million and Bahrain's Bank ABC $313 million.Overall, syndicated lending in Turkey in 2015 has surged 37 percent from the same period a year ago to $31.4 billion, with Gulf banks providing about 8 percent of the loans.
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