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Isbank CEO Says FX-Linked Deposits to Support Successful Economic Plan

TURKEY

Comments from Isbank CEO Aran:

  • FX-linked deposits pave way for success of economic plan
  • Burden on Turk Treasury may be for 1-2 quarters
  • 90-day 'window of opportunity' with FX-deposit plan
  • Turkey banks need to diversify lira instruments
  • New plan may help mitigate maturity mismatches
  • Turks converted $1.75b deposits since late Monday
  • Inflation remains turkey's biggest fragility
  • Banks should introduce inflation-linked products
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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