Statement from the TBB on the meeting with CBRT President Erkan

According to the statement made by the TBB, at the meeting, economic developments in the world and in our country, the latest situation in the banking sector and expectations for the future were discussed.

The Board of Directors presented the opinions and suggestions about the issues on the agenda of the banking sector to CBRT Chairman Erkan.

Alpaslan Çakar, Chairman of the Board of the Banks Association of Turkey, stated that the meeting was constructive and very useful. Çakar stated that the banking sector has a resilient and healthy structure, gives confidence to its stakeholders, serves at international high standards, and plays an important role in conveying economic policies to all relevant segments.

Stating that the predictable operating environment provided by low inflation and internationally accepted regulations play an important role in the growth and strengthening of the banking sector in TL, Chairman Çakar said that; He emphasized that qualified investments that provide employment and reduce the current account deficit, production with high added value, will continue to contribute more to the financing of competitive exports in world markets and thus to the increase of the welfare of our people.

CBRT Chairman Erkan stated that the monetary tightening process has been started to ensure disinflation as soon as possible and stated that he is confident that all economic actors will take a determined stance in fulfilling their duties until a significant improvement is achieved in the inflation outlook.

Erkan pointed out that the sound balance sheet structure of the banking sector is at a level that will contribute to the continuation of sustainable economic growth in our country, to increase employment and to support strategic investments that will accelerate the permanent improvement in the current account balance.

Erkan said, “We have received the opinions and suggestions of the Banks Association of Turkey regarding the simplification of the macroprudential framework. The simplification process will be carried out gradually by making impact analyzes.

The President said that to the extent that predictability in the economy is increased, they believe that our entrepreneurs will make much more efficient activities by making the right decisions and that they will continue to work in close cooperation with the sector.

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