TBB President Çakar: Fund Crisis Will Not Negatively Affect the Banking Sector.
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Alpaslan Çakar, President of the Turkish Banks Association (TBB) and General Manager of Ziraat Bank, made statements regarding the fund discussions that have been on the agenda of the financial markets in recent days.
Alpaslan Çakar, Chairman of the Board of Directors of the Turkish Banking Association (TBB), commented on the fund investigation. Emphasizing that they never expected the events to have a negative impact on the banking sector, Çakar said, “The market is the same market. Where did the money that came out go? It entered the banking sector.”
Alpaslan Çakar, President of the Turkish Banks Association (TBB), made statements regarding the fund discussions that have been at the center of financial markets in recent days. Çakar stated that there has been no outflow of money from the system and revealed the destination of the money that has left the fund market.
Alpaslan Çakar, President of the Turkish Banks Association and General Manager of Ziraat Bank, commented on developments in the fund market, stating, "The fund issue is a limited area, its numerical size is not very large. We do not expect a negative impact on the banking sector. The market is the same market. The money withdrawn from there goes to the banking sector. The money remained within the system. Therefore, there is no question of it ne…
Alpaslan Çakar, Chairman of the Board of Directors of the Turkish Banks Association (TBB), stated that they never expected the fund investigation to have a negative impact on the banking sector, saying, "The market is the same market. Where did the money that came out go? It entered the banking sector. So, the money remained within the system."
Alpaslan Çakar, the head of the Turkish Banking Association (TBB), stated that they do not expect the fund investigation to negatively impact the banking sector, as the money has entered the sector and remained within the system. Çakar also clarified that this is unrelated to raising the growth limit for SME loans to 5 percent.
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