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Banking Sector Healthy Says Erdogan, Finance Minister

TURKEY
  • Bloomberg report that despite recent bankruptcies in the US and Europe, the banking sector in Turkey remained sound and strong, which testified its strength, Treasury and Finance Minister Nureddin Nebati wrote on Twitter responding to speculations regarding the health of Turkish banks.
  • Some Gulf countries have stored money in Turkey’s financial system that has relaxed the central bank and markets “even if for a short time,” President Erdogan said in an interview on CNNTurk, adding that the “the banking and finance system is healthy”.
  • Presidential candidate Kilicdaroglu and IYI Party leader Meral Aksener will speak in Istanbul ahead of the runoff vote on May 28.

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