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İşbank General Manager Hakan Aran Talked About Banking Sector
İşbank CEO Hakan Aran underlined the importance of returning to free market conditions. Referring to his speech at the Future
Yazar: James Gordon
Yayınlanma: 2 Kasım 2022 03:48
Güncellenme: 15 Aralık 2024 17:35
İşbank General Manager Hakan Aran Talked About Banking Sector
İşbank CEO Hakan Aran underlined the importance of returning to free market conditions. Referring to his speech at the Future of Finance Summit, Aran said, "I stated that banks should be supported in order to support the new economic policy and that this support should be provided by the Central Bank. What I said is a technical issue."
Sharing his views on how the banking sector was affected by the macroprudential measures taken, İşbank CEO Hakan Aran also clarified his statements at the Future of Finance Summit organized by A Para Television. Hakan Aran used the following statements in his evaluation: "In line with the new economic policy, we increased the share of our export credits from 12 percent to 15 percent in order to support growth. Our new economic model is a model that prioritizes production, exports and investments, and we set out to solve Turkey's chronic problem of running a current account deficit while growing. Becoming a country that does not run a current account deficit while growing requires a structural transformation and a very serious investment. Banks will also use their credit power in this area. This was very clear to us. We thought that we were supporting this transformation. Before the interest rate cuts, we were able to lend to these areas very comfortably. Banks should not reduce their own credit capacity and decisions should not be taken in this direction and these decisions should be reviewed. On the other hand, customers' savings preferences should be respected. We have a conversion rate of 20 percent, especially in currency-protected deposits. On top of that, if the TL/FX balance is not 50-50 percent, it is not beneficial for growth, employment or investment to say 'you will hold this amount of securities'. Moreover, it prevents us from supporting these. In my speech at the Future of Finance Summit, I stated that banks should also be supported in order to support the policies we understand, and that this support should be provided by the Central Bank. A perception was created as if I had said something against the economic policy or the Minister of Treasury, whereas I was directly addressing a technical issue." Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!İLGİLİ HABERLER
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