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  • 29-09-20

    Turkey inferiors advantage ratio as fraction of normalization

    (MENAFN) On Monday September 28 Turkey's banking regulator lowered the asset ratio calculation for deposit banks to 90 percent as of 95 percent and for contribution banks to 70 percent as of 75 percent, in a proposal to increase the lira.

    The Banking Regulation and Supervision Agency stated that the choice will be effectual as of October 1.

    As a persistence of the normalization, the controller reminded, steps will be taken for the abovementioned board choices broadcasted throughout the pandemic time where uncertainties and dangers in worldwide markets enlarged.

    This came at a time when the country is making hard work to noose price rises and maintain cost constancy, attempting to calm losing the markets.

    MENAFN2909202000450000ID1100873347

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