The capital adequateness ratio for Turkish banks is more beneficial than that of many European Union countries, European Commissioner for Economic and Monetary Affairs Olli Rehn has stated.
“Turkey has managed to cut down its public debt closely to half. The banking sector has been vamped, and presently capital sufficiency ratios are more high-pitched than in many European Union member states. The markets have noted Turkey’s fast development and careful economical and financial management,” Rehn was cited as sounding out by Anatolia yesterday.
The reforms carried out by Turkey after its 2001 depression had began to afford favorable outcomes, he added up.
In the consequence of the 2001 crisis, Turkey carried out sound policies, and mixed a creditworthy financial and monetary policy mix with major in-depth structural reforms in many areas, including in the financial sector, stated Rehn.
