Minister Nebati: Our banking sector has demonstrated its strength beyond dispute

Minister of Treasury and Finance Nureddin Nebati stated that the banking sector has demonstrated its strength beyond dispute and said, "Despite the recent bankruptcies in America and Europe, the fact that the banking sector in Turkey has not experienced even the slightest shock shows that the sector has crowned its strength." Minister Nebati made a statement regarding the sector by quoting the posts of the Banking Regulation and Supervision Agency (BDDK) and the Capital Markets Board (SPK) on his Twitter account. Reminding that they inherited a wreckage where overnight interest rates reached 7500 percent and people's lives ended due to bankrupt bank crises, Nebati emphasized that they have emerged from many difficulties stronger thanks to the strong economic infrastructure and banking system they have established in 21 years. Nebati, drawing attention to the fact that the country's economy and banking sector continued on their path with strong steps during the 2008 global financial crisis, while many large banks in the world went bankrupt, said, "Despite the economic crisis that shook even developed countries due to the coronavirus pandemic, we continued our growth with the contribution of our banking sector and quickly compensated for the loss in employment. Our banking sector, which has faced all critical processes, including the earthquake, the disaster of the century we have experienced, and has taken on responsibility, has unquestionably demonstrated its strength during these processes." "The great successes of our economy and banking sector that have gone down in history are obvious" Nebati pointed out that the fact that the banking sector in Turkey has not experienced even the slightest tremor despite the bank failures in the US and Europe recently shows that the strength of the sector has been crowned by the following: "What kind of sick state of mind is it that some people make a fuss as if there is a crisis and try to pull Turkey down while the great successes of our economy and banking sector that have gone down in history are obvious? What kind of a malignant mentality is this that disregards the strong macroeconomic data such as growth, employment, exports and the high performance our banks have shown to date and tries to gain votes through doomsaying with vague hypotheses. What is being done is outright lying, slander and hostility towards the nation. Those who became refugees in their own countries, those who look down on this nation, the poor people who do not know how to calculate have been shouting for years that the economy is hitting a wall. They could never get enough of being disgraced all the time, but we are tired of being constantly embarrassed on their behalf."