Turkey plans almost $3 billion capital injection for state banks, sources say
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ISTANBUL (Reuters) - Turkey plans to inject about 20 billion lira ($2.8 billion) of new capital into three state banks - Ziraat Bank, Halkbank (HALKB.IS) and Vakifbank (VAKBN.IS) - in the coming days, two banking sources told Reuters on Friday.
Turkish banks are under increased pressure to lend in the face of the coronavirus pandemic that is tipping the nation’s economy into what is expected to be its second recession in less than two years. State lenders generally have smaller capital buffers than their private peers.
More:Turkey plans almost $3 billion capital injection for state banks, sources say - Reuters