CBRT to hand over profit and reserves to government

central-bank-of-the-republic-of-turkey

The Central Bank of the Republic of Turkey is set to distribute its profits early for a second year and hand over a chunk of its reserves to the government.

A spokesperson confirmed to Central Banking that the CBRT would hold an extraordinary general meeting on January 20. The meeting will “distribute advance payments” from the central bank’s 2019 profit, and distribute “accumulated reserve funds along with this profit, excluding the portion earmarked from last year’s profit”, the spokesperson

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: