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Deutsche Bank Rejects Claims of ‘Economic Terror’ in Turkey

  • State-owned Yeni Safak paper says bank recalled loans early
  • German lender says report’s claims are ‘totally groundless’
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Deutsche Bank AG’s Turkish unit rejected claims by a pro-government newspaper that it’s plotting to undermine the economy, and said it’s “unacceptable” for the lender’s name to be associated with terrorism.

The daily Yeni Safak on Thursday reported that Deutsche Bank and other German institutions were attempting “economic terror” against Turkey by recalling loans to companies before their their due dates. It didn’t identify the debtors or the other German institutions.