Turkey's Albayrak Vows to Back Banks, Though Details Scant
- ‘Health assessment’ will monitor financial system, bank assets
- Analysts say market wanted more concrete proposals; lira falls
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Turkey announced a plan to monitor banks’ health, while stopping short of laying out measures to alleviate worries about a bad-loan burden.
Future policies “will help the banking sector to strengthen, and the real economy to have access to credit at affordable rates, while creating room for credit restructuring if needed," Treasury and Finance Minister Berat Albayrak said in a news conference in Istanbul on Thursday.