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8.1.1 Earnings
Banking watchdog BDDK advised banks not to distribute 2019 profits due to continuing economic recovery and lenders’ need for equity, broadcaster Bloomberg HT reported on December 17 .
In 2019, the BDDK also “advised” local lenders not to distribute 2018 profits. Isbank tried but the BDDK did not allow.
Turkish banks recorded a net profit of TRY49.75bn in 2019, down 8.1% y/y.
35 TURKEY Country Report OUTLOOK 2020 www.intellinews.com
