April 12, 2019 12:21 pm

Turkey boosts state banks

The Turkish government is strengthening state banks with a big financial stimulus, said Minister of Finance Berat Albayrak on Wednesday at a news conference  in Istanbul. The loan, which the banks are to receive, amounts to 28 billion lira, the equivalent of about 4.4 billion euros.

In addition, the government in Ankara continues to work on a solution for the NPL problem of the Turkish financial institutions. In the past, a bad bank-like vehicle which is to buy the bad loans from the banks has already been discussed. Reuters

Η ανάρτηση αυτή έγινε από τον/τηνJens Secker

(Δικαιώματα εικόνων: Kocatepe mosque interior in the dusk. Every day local people and tourists are visiting the mosque and praying. Photography of slow shutter spead. The Kocatepe Mosque is the largest mosque in Ankara, the capital of Turkey. It was built between 1967 and 1987 in the Kocatepe quarter in K?z?lay, and its size and prominent situation have made it a landmark that can be seen from almost anywhere in central Ankara.)

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