Turkey calls on private banks to do more to help fight coronavirus

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Turkey calls on private banks to do more to help fight coronavirus GlobeBusiness

Turkish Treasury and Finance Minister Berat Albayrak attends a news conference in Istanbul, Turkey, April 10, 2019.Turkey called on private banks on Sunday to do more to help customers hurt by the economic impact of the coronavirus, saying that state-owned banks had offered delays in repayments for loans.

State-owned Ziraat Bank, Halkbank and VakifBank had allowed customers to delay payments of loan and credit card debt worth more than 60 billion lira , Albayrak said.“I, once again, invite private banks to be a part of our unity and solidarity during these times with their attitude,” he said, without identifying private banks by name or specifying what action he expected them to take.

Ankara has also halted all flights, restricted domestic travel, closed schools and cafes, and cancelled gatherings and events to stem the spread of the virus. Thirty-one major cities were placed under a full two-day lockdown this Saturday and Sunday.

 

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globebusiness And they will ignore! Without law, government achive, the banks arent solidary.

globebusiness Turkey? Come on globe. Slow news day?

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