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  • 10-01-23

    Turkey’s top bank CEO estimates capital surge to support nation economy this year

    (MENAFN) An estimated capital surge is going to support Turkey’s Ziraat Bank to lead Leader Tayyip Erdogan's determination to grow financial expansion and deal with chronic present account shortages in 2023, the chief of the nation’s biggest lender informed a news agency.

    chief executive Alpaslan Cakar, who is also head of the Turkish Banks Association, announced that state banks such as Ziraat were the leading force in the economy in latest years and would continue even as they look to compensate for dividends in 2023.

    He softened worries elevated by private-industry fellows around worries forced by a flurry of bond-holding rules, and he stated that the credit would carry on to grow sectors including production as well as agriculture.

    Erdogan presented a "new economic model" two years ago (2021) that prioritizes expansion, investment as well as shipments and is targeted at flipping Turkey’s continues exchange shortage, a main reason of the present account.

    "We will give significant support to Türkiye’s economic model. For that reason we want to be strong in capital terms," Cakar asserted in a meeting occurred at the end of last month.

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