Turkish banks should boost sectors promoting long-term economic growth -watchdog

ISTANBUL – Turkey’s banking sector needs to prioritize sectors that will have a long term contribution to the economy, the country’s banking watchdog Chairman Mehmet Ali Akben said on Monday.

In a speech at a banks association meeting, Akben also said he believed banks will increase credit operations that are in line with government policies that aim to stabilise the lira currency and cool inflation.

(Reporting by Ebru Tuncay and Can Sezer; Editing by Jonathan Spicer)