FINANCE - 2014 to be toughest year for Turkish banks: Garanti CEO:
"A tough year lies ahead for Turkish lenders because of the challenges expected to erupt with the U.S. Fed’s plan to taper its stimulus plan and macroeconomic conditions in the country, the CEO of Garanti Bank has said.
“I think 2014 will be hardest of the past 10 years for banking sector,” Garanti CEO Ergun Özen has told Anadolu Agency in a wide-ranging interview yesterday.
Özen said there were two main structural worries ahead of the economy: repercussions from the uncertainty arising from the U.S. Federal Reserve’s monetary exit strategy and reflections of measures taken for balancing growth components into banks’ balance sheets."
'via Blog this'
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