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

Published 05/30/2022, 04:00 AM
Updated 05/30/2022, 04:05 AM
© Reuters. FILE PHOTO: Skyscrapers are seen in the business and financial district of Levent, which comprises of leading Turkish banks' and companies' headquarters, as the outbreak of the coronavirus disease (COVID-19) continues, in Istanbul, Turkey September 8, 202

ISTANBUL (Reuters) - Turkey's banking sector needs to prioritize sectors that will have a long term contribution to the economy, the country's banking watchdog Chairman Mehmet Ali Akben said on Monday.

In a speech at a banks association meeting, Akben also said he believed banks will increase credit operations that are in line with government policies that aim to stabilise the lira currency and cool inflation.

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