Worst Is Over for Turkish Banks, Says CEO of Biggest Lender

  • Bank lobby group head Aydin sees 2016 profitability of 12%-14%
  • Estimates based on drop in inflation, uptick in GDP growth

Turkish banks can look forward to improved earnings next year when the absence of election-related political turmoil should help reduce funding costs, said the chief executive officer of Ziraat Bank, the country’s biggest lender.

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