The Finance Stability Report by Turkey’s Central Bank, announced Monday, claims the profitability of Turkish banks will not continue to fall in the second half of the year, implying no further hikes in reserve requirements are on the way.
The financial stability report highlights the financial strength of the Turkish banking sector, in which some lenders posted loss in value and profitability during the first half of the year, due to the recent monetary policies of the Central Bank.
The financial stability report highlights the financial strength of the Turkish banking sector, in which some lenders posted loss in value and profitability during the first half of the year, due to the recent monetary policies of the Central Bank.
