✔ finance The payments of the troubles within the system are transferred from hand handy.
✔ From the federal government to the banks, from the banks to the enterprise world, from the enterprise world to the residents…
✔ The citizen at all times pays the final public and the ultimate invoice.
Do you want cash for the Treasury? Let banks purchase home debt securities… Whereas inflation is above 80 %, let’s banks purchase papers with curiosity like 10 %, whereas official inflation is anticipated to be 25 % even within the final 12 months, even within the subsequent 12 months…
Foreign currency enhance is just not wished after all; Let the banks get their palms on autos… Let the residents who wish to come to the financial institution and open a overseas change account attempt to be persuaded to enter the KKM, if the citizen is just not satisfied and open a overseas change account, the financial institution ought to bear the brunt of it…
The share of these in overseas forex within the complete deposits within the financial institution shouldn’t exceed 50 %… If it passes, the financial institution needs to be compelled to purchase further Treasury papers as a penalty… So how a lot for that Treasury paper? interest apply? 10 % is just not sufficient for the financial institution! “However inflation” Let the one who will say be proven a golden stick…
Do not be so arduous
The truth that banks are making unprecedented income this 12 months is a results of the unusual state of affairs we’re in. The Treasury’s use of primarily CPI and overseas change listed home borrowing, excessive inflation and the fast enhance in overseas forex supplied a big revenue alternative. As well as, because of KKM, banks utilizing very low-cost assets have lowered their common prices and earned higher from loans.
However this case is just not sustainable; neither by way of the Treasury, nor by way of banks.
In essence, there’s a state of affairs like this… You’ll not do your individual job nicely, you’ll even do badly, not to mention do good, you’ll make fallacious choices; Then you’ll cross on the price to others.
On the face of it, the price will appear to be dumped on the banks, however they’re really the transmission mechanism of this price.
From fallacious selections to banks…
From banks to the actual sector; manufacturing of products and companies…
From them to workers and residents…
My web site may be very low
Even when the banks had been making a revenue a lot decrease than this 12 months’s, I had a typical reproach:
“Banks shouldn’t make such a revenue, give low-interest loans!”
I additionally bear in mind very nicely that I wrote the next through the occasions when this web site was repeated fairly often:
“Let’s simply calm down even when we screw up just a few banks!”
Years have handed, the income of the banks are very excessive, however nobody “Banks make a variety of revenue” she would not complain “Banks ought to decrease rates of interest” he would not say.
Why ought to they are saying that they decide virtually all of the rates of interest themselves.
However the system is getting clogged.
“Are you going to open a mortgage, you can not exceed this curiosity. Have you ever handed, there’s this penal sanction.”
“You can’t cut back the share of TL-denominated deposits beneath 50 %. I do not hear in case you obtain it, you go and purchase low-interest paper.”
Why do you suppose the curiosity on TL deposits has elevated lately? Furthermore, this enhance in rates of interest could grow to be widespread. Banks sit and e-book accounts; Is it dangerous to pay a little bit greater curiosity on deposits or to purchase low-interest papers as a result of the share of overseas forex deposits has elevated?
Furthermore, this 50-50 % stability must be established individually for authorized entities and actual individuals. In any other case, new uploads!
If solely banks disappeared for a day!
Suppose all the banking system and companies working via the banking system are stopped for simply in the future.
No deposit or withdrawal…
No cash switch…
No bank card utilization…
No invoice cost facility…
Assume! What is going on on, what’s lacking…
What has been completed is to not such an extent that it’ll deliver the system to this case, after all, this isn’t the purpose, after all, however there is no such thing as a level in making banking an inextricable state of affairs.
THE BANKER’S REVOLT!
The speech of İşbank Normal Supervisor Hakan Aran, who took the rostrum on the Way forward for Finance Summit organized by A Para, was virtually just like the frequent grievance of bankers. Aran’s speech typically went past complaining; There have been harsh criticisms within the speech.
What did Hakan Aran say, let’s summarize:
“Throughout the scope of the brand new mannequin, we now have pressed the button for structural transformation by expressing that we’ll assist the producers, exporters and tourism professionals as a lot as we now have in areas that generate overseas forex revenue. And as an business, we now have selectively directed all our loans to areas that may assist the brand new economic system mannequin and permit Turkey to develop with no present account deficit. However we now have seen that with the macroprudential measures taken, we now have come to the purpose the place we can’t even assist the sectors supported by the economic system mannequin.”
“Bankers know what to do”
Making banks goal boards “Look, I lowered the rate of interest to 9 %, they do not give loans” Expressing that it’s a straightforward factor to say, Aran continued:
“If the entry to credit score turns into tough regardless of the cheapening of credit score, it doesn’t profit anybody.
Banking sector economy It’s already adept at selecting fertile areas and these loans to assist the expansion of the nation, by figuring out which space to offer loans and low-cost loans to assist the expansion of the nation.”
“Don’t intervene with the selection of the citizen”
İşbank Normal Supervisor additionally criticized the truth that banks are compelled to ascertain further securities because of the excessive fee of overseas change deposits:
“Forcing prospects who’ve overseas forex of their accounts to alter their preferences via banks, and if this desire doesn’t change, forcing banks to ascertain long-term securities in a manner that jeopardizes the steadiness of the monetary system doesn’t contribute to the brand new economic system mannequin, manufacturing, exports, or employment.
Due to this fact, I wish to underline that these macroprudential measures, that are stated to be momentary, needs to be lifted and relaxed as quickly as doable to assist Turkey’s new financial mannequin.”
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