Turkey’s finance minister and son-in-law of President Tayyip Erdogan, Berat Albayrak, says he does “not expect any problems in the banking sector.” The comments, given in an interview with Reuters published yesterday, are in stark contrast to warnings from ratings agencies that the lira sell-off will weaken the lenders’ assets. He added that the government […]
Tag: Turkish banks
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Death spiral between Turkish lira and bank stocks
Posted inUncategorized