Posts Tagged Watchdog
Are Turkish Banks Safe?

Are Turkish Banks Safe?

Recently Turkey’s banking watchdog (BRSA) made a decision that means paving the way for bank owners and top managers to lend to businesses that belong to them. This type of transactions has been under a ban since 2001, the year Turkish financial institutions collapsed. The rest of the story comes from Wall Street Journal.

The BRSA decision was issued after a Kuwaiti-backed Turkish bank, Kuveyt Turk, made a loan to Dicle Enerji Yatirim, an energy investment firm....

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