Thursday, March 24, 2011

UPDATE 1-Turkey banks assoc says RRR rise a tax on banks' equity | Reuters

"UPDATE 1-Turkey banks assoc says RRR rise a tax on banks' equity

ISTANBUL, March 24 (Reuters) - The Turkish central bank's raising of reserve requirement ratios is a tax on banks' equity capital, impacting the banking sector directly, the Turkish Banks Association (TBB) was reported as saying on Thursday."

More:UPDATE 1-Turkey banks assoc says RRR rise a tax on banks' equity | Reuters