Turkey Lenders Surge After Central Bank Cuts Reserve Rates
October 27, 2011, 12:01 PM EDT
By Benjamin Harvey
(Updates with closing share prices in second paragraph.)
Oct. 27 (Bloomberg) -- Turkish banking shares surged, snapping a three-day losing streak, after the central bank cut reserve requirements on lira liabilities, freeing up capital for increased lending.
More:Turkey Lenders Surge After Central Bank Cuts Reserve Rates - Businessweek