BBVA is prepared to handle the main risk in Turkey, which is forex, chief executive Onur Genc said on Tuesday, adding the bank was hedged and that Agbal's dismissal would not affect operations. Spain's BBVA BBVA.MC, Italy's UniCredit CRDI.MI and Qatar National Bank QNBK.QA are among those owning stakes in local lenders. Governor Naci Agbal, who had sought to combat double-digit inflation with aggressive interest rate hikes, was replaced with Sahap Kavcioglu, like President Tayyip Erdogan a critic of tight monetary policy.