Turkish Banking Association: “Banking issues should be above politics”

SHAFAQNA TURKEY – The Association of Banks of Turkey (TBB) has stated that it is very important to keep banking-related issues above politics, and therefore speculative statements that do not reflect the truth and may damage the reliability of the sector should never be respected. .

The written statement made by TBB stated that the banking sector in Turkey has high liquidity, asset quality and capital adequacy and said: “As of May 17, 2023, the sector has liquid assets of 427 billion Turkish Lira and foreign exchange liquid assets of $110 billion. The liquidity ratio is 160 percent, like other indicators, at the level of average international indicators. The banking sector is strong enough to fulfill all of its obligations.” The statement stated that the banking sector, which until today has been resistant to many internal and external shocks, is a solid structure, all its activities are recorded and subject to constant audit: “The sector believes in the strength of the Turkish economy draws its strength from the economy and maintains economy with a healthy balance. Maintaining confidence in the banking sector should be our duty and responsibility.” expressions were used.

The statement noted:

“It is very important that banking issues remain above politics. For this reason, one should never respect speculative statements that do not reflect the truth and may damage the reliability of the sector. We thank our customers for their trust in the industry.”

(AA)