Banker says Turkey faces 'speculative attack, not crisis'

Banker says Turkey faces 'speculative attack, not crisis'

ANKARA – Anadolu Agency
Banker says Turkey faces speculative attack, not crisis

Turkey is facing a speculative attack rather than an economic crisis, the CEO of a major private lender said on Aug. 14.

Speaking at Anadolu Agency's Finance Desk in Istanbul, Denizbank CEO Hakan Ateş stressed: "We can talk about a speculative attack, not a crisis."

The Banking Regulation and Supervision Agency (BDDK), Central Bank, Treasury, and Capital Markets Board (SPK) are all making timely decisions, he stressed.

He added that the Turkish banking system is solid and that the Central Bank's decisions served to block speculation.

"Turkish people are able to overcome much bigger problems than speculative attacks," Ateş said.

Denizbank, Turkey sanctions, Currency