Bloomberg News

Babacan Expects Loan Growth at 25% Adjusted for Foreign Exchange

September 29, 2011

Sept. 29 (Bloomberg) -- Turkish Deputy Prime Minister Ali Babacan said he expected banks to grow their loan books by about 25 percent this year, when adjusted for changes in the value of the lira against foreign exchange.

Turkey isn’t scrutinizing loan growth at banks individually, Babacan said in a speech in Istanbul today.

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net


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