Central Bank of the Republic of Turkey

Turkish banking sector is very strong: Central Bank head

The Turkish banking sector is "very strong," said the Central Bank governor on Nov. 25 after meeting with public and private banking officials and bank CEOs.

The Turkish banking sector is also one of the most successful ones in the world, Şahap Kavcıoğlu told a group journalists after the meeting in Istanbul, Turkey's commercial capital.

Central Bank decries 'unrealistic' price formations, detached from fundamentals

Commenting on volatility in the foreign exchange markets, Turkey's Central Bank on Nov. 24 decried "unhealthy" and "unrealistic" price formations in those markets, saying they are completely detached from economic fundamentals.

The Turkish Central Bank "implements a floating exchange rate regime and has no commitment to any exchange rate level," it said in a statement.

Turkey’s central government gross debt stock at $246 bln in September

The Turkish central government's gross debt stock amounted to 2.18 trillion Turkish liras ($246 billion) at the end of September, official figures showed on Oct. 20. 

The Treasury and Finance Ministry's data showed that the figure was up by 17.2% versus the end of September last year.


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