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EXCLUSIVE REPORT | Banks' Net Interest Income Increased by 146 Percent in the First Four Months; Earnings Reached 820 Billion TL.
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TR724 | ECONOMY – The ‘economic model’ launched by AKP President Recep Tayyip Erdoğan, who stated, “Interest rates are the cause, inflation is the result!”, has turned Turkey into an ‘interest rate quagmire’. According to data from the Banking Regulation and Supervision Agency (BDDK), the banking sector’s net interest income reached 820.5 billion TL in the first four months of the year. Net interest income, which was 333.2 billion TL in the same…
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