Reuters exclusively reported that Turkey’s state banks are expected to cut borrowing costs on loans by around 200 basis points, following an unexpectedly hefty rate cut by the central bank. The three big public lenders Ziraat Bank, Halkbank and Vakif Bank are expected to lower rates on corporate, individual, mortgage and other loans.
Business & Finance
Reuters exclusively reports Turkey’s state banks likely to follow central bank and slash rates
24 October 2021, 3:24 pm 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Economy & Policy
Regions: Middle East
Countries: Turkey
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story