Turkish Banks Go for Gold in Drive to Lure $302 Billion Hoard

Turkish Banks Go for Gold in Drive to Lure $302 Billion Hoard

Kerem Uzel/Bloomberg

Isbank and Turkiye Garanti Bankasi AS, the country’s biggest lender by market value, offer gold-backed loans, where customers can bring jewelry or coins to the bank and take out loans against their value. Garanti also has a credit card linked to gold deposit accounts.