Lenders warned to avoid dancing around amended asset ratio, but everyone’s dancing around something in Turkey
Paraanaliz reported on June 6 that Yapi Kredi had confirmed that it was imposing limits on FX-denominated time deposit accounts but it had denied media reports suggesting that it was also closing FX-denominated drawing accounts.
Atilla Yesilada of Paraanaliz has also recently expressed anxiety about “The Brutal Murder of the Turkish Private Sector“.
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