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Turkish banks should boost sectors promoting long-term economic growth -watchdog -Breaking

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© Reuters. FILE PHOTO – Skyscrapers can be seen in Levent’s business district and financial district, where top Turkish companies and banks have their headquarters. This is as COVID-19 continues to spread in Istanbul (Turkey) September 8th, 202

ISTANBUL, (Reuters) – Turkey’s banks sector must prioritize the sectors that can make a long-term contribution to the economy. Chairman Mehmet Ali Akben of the banking watchdog in Turkey said Monday.

Akben made the remarks at a meeting of banks associations and said that banks will expand credit operations that align with government policies, such as those that seek to stabilize the currency and lower inflation.

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