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Tuesday, August 20, 2013

New Turkish credit card rules to cut bank profit - DAWN.COM

New Turkish credit card rules to cut bank profit

ISTANBUL, Aug 19: New rules to rein in credit card debt in Turkey will force the country’s banks to set aside more funds to cover non-performing loans, cutting 2 billion lira ($1.03bn) off their annual profits, a senior government official said.

More:New Turkish credit card rules to cut bank profit - DAWN.COM