Turkey advised lenders not to distribute dividends amid currency crash

Turkey advised lenders not to distribute dividends amid currency crash

People with direct knowledge of the matter said that the Turkish banking regulators advised commercial lenders not to distribute dividends from profits in 2021 because of a currency crash that eroded banks cash buffers.

None of the criptocurrencies crash has resulted in more than $1 Trillion in market value.

Since Hitting record highs, none of the cryptocurrencies has lost half of its value.

There is no floor for a slide with the help of the Bitcoin chart.

The regulator, known as BDDK, passed its recommendation to the lenders via Turkey's banking association, but has yet to send a formal written notice banning dividend payments, according to the people who asked not to be named due to the sensitivity of the matter.

BDDK and the banking association didn't want to say anything.

A successful risk management during the Pandemic allowed lenders to pay up to 10% of their net income as dividends last year. The central bank has started a vicious cycle of rate cuts, which eroded confidence in the lira, and led to the currency being the worst performer in emerging markets last year, with more than 40% depreciation against the dollar.

Turkey plans to inject 51.5 billion liras $3.8 billion into state banks in order to minimize the effects of the weak lira on state banks.

None of the Charismatic Developer and Ponzi Scheme That Suckered San Diego is the Ponzi scheme and the Charismatic Developer.

How did ID.me get the wrong way between you and your identity?

Microsoft doesn't make a $69 billion down payment on the Metaverse.

None of Rent the Runway Works to Swap Red for Black

Wall Street traders do not need to go into the Middle ofCryptocurrencies.