While the problems in the banking sector were discussed in the meeting of the Board of Directors of the Banks Association of Turkey with the Minister of Treasury and Finance Mehmet Şimşek, it was planned that the bankers would also meet with the President of the Central Bank at the meeting, which was stated to be in a “positive” atmosphere.
Mehmet Şimşek met with the bank general managers on the board of directors of TÜSİAD and then the Banks Association of Turkey (TBB).
ŞİMŞEK EMPHASES CONSULTATION
In his statement after the TBB meeting, Şimşek said, “In this period, within the framework of the new program studies; We will consult with all segments of society, the business world, the financial sector and our unions. We will continue on our way with a model that will ensure a strong increase in the welfare of the society at the point of investment, export, production and employment of our country. This is a consultative meeting, we talked about the Turkish economy and the banking sector.”
In a statement to Reuters, a meeting participant stated that the meeting was in a positive atmosphere for both parties and that the problems of the sector were discussed.
The same source said that a meeting between CBRT Chairman Gaye Erkan and bank general managers is planned for the near future, but it is not yet clear when this meeting will take place.
Another banker who was informed about the meeting stated that the emphasis was on the fight against inflation and fiscal discipline and that there were signals that there would be “realistic targets in inflation”, that the impact analyzes of the regulations pushing the sector were made and that evaluations would be made according to the result.
The Treasury did not comment on the matter.
Noting that every moment of the meeting was positive, the banker said, “The CBRT meeting (with the bankers) is also possible after the MPC.”
In the statement made after the meeting, TBB said, “The Minister expressed the importance he attaches to the establishment and protection of macroeconomic stability on a solid ground, the healthy functioning of the markets and the financial sector, and the further enhancement of resilience in the sector. He thanked the sector for the support given to investment, production, employment and exports and asked for its continuation. He stated that necessary steps will be taken for the sector to function more healthily. He also shared his views on the new term’s economic policy priorities and targets with the members.
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