Turkish banks should boost sector boosting long-term economic growth: regulator

© Reuters.FILE PHOTO: As the coronavirus disease (COVID-19) outbreak continues, skyscrapers are seen in the Levent business and financial district, which consists of Turkey’s leading banks and corporate headquarters, on September 8, 202 in Istanbul, Turkey

ISTANBUL (Reuters) – Turkey’s banking sector needs to prioritize sectors that make a long-term contribution to the economy, the head of Turkey’s banking regulator Mohammad Ali Akko said on Monday.

Speaking at a banking association meeting, Akbon also said he believed banks would increase credit operations in line with government policies aimed at stabilizing the lira currency and cooling inflation.

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