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Attractiveness of TRY Loans Waning

TURKEY
  • Dunya reports that the attractiveness of TRY loans has dropped in recent months, with recent macroprudential measures denting appetite, according to the President of the Participation Banks Association.
  • Elsewhere, Milliyet report that the opposition parties will unite behind one single candidate after the election date has been formally announced. The six opposition parties will select and back a single candidate against incumbent Erdogan.
  • According to an official decree, Turkish companies are now able to switch to FX-protected TRY accounts from FX deposit accounts held until the end of June, extending the deadline from the prior end of May.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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