Bloomberg News

Turkey Bank Regulator Has No Plan for Steps on Home, Auto Loans

June 20, 2011

June 20 (Bloomberg) -- Turkey’s banking regulator has no plans for steps to limit growth of home or automobile loans, an official at the Ankara-based watchdog said, speaking on condition of anonymity.

The regulator over the weekend announced steps to increase costs to banks of consumer lending. There’s no preparatory work for additional measures to cover home or car loans, the official said.

To contact the reporter on this story: Ali Berat Meric in Ankara at americ@bloomberg.net

To contact the editor responsible for this story: Steve Bryant at sbryant5@bloomberg.net


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