3/16/2009

EIB: Türkiye will emerge stronger from global crisis

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AA - There is a distinct possibility that Türkiye will weather the global economic crisis in a stronger way, an official from the European Investment Bank (EIB) said on Sunday. Hakan Lucius, Head of EIB unit for Türkiye, stated that Türkiye has several significant advantages despite the global crisis. The reforms made in the banking sector under the initiative of the Turkish Bank Regulation and Supervision Agency as well as the Savings Deposit Insurance Fund after 2001 economic crisis, have strengthened the sector, Lucius noted.

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