Asset and liability management

Turkish banking watchdog takes new normalization step

Turkey's Banking Regulation and Supervision Agency (BDDK) has announced on Tuesday that it will repeal the calculation of the Asset Ratio (AR), as of end of 2020 as part of the normalization steps.

Borsa Istanbul's banking index gained 3% while the U.S. dollar/Turkish lira exchange rate fell below 7.85 from 7.96 following the move.

Pages