The Turkish Central Bank on Dec. 28 revised Foreign Exchange reserve requirement practice and ratios in order to support financial stability and the real loan growth-linked reserve requirement practice, the bank said in a statement.
The bank has decided to raise reserve requirement ratios for FX deposits/participation funds by 200 basis points for all maturity brackets, it added.
Everyone can understand the difficulties that Greek banks face in managing the jumble of problems they inherited from the long-term economic crisis.
One can also understand the problems that the management of banks face today as they operate in an environment of limited capital, a lack of revenues, and low profitability.
Greece's definitive emergence from its financial crisis and the recovery of living standards in the country require considerable new investments, the Foundation for Economic and Industrial Research (IOBE) said in a report presented on Tuesday, which proposed three policy measures for strengthening bank savings through the capital market.