QNB Finansbank to Boost Lending as Turkey Seeks to Spur Growth

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QNB Finansbank AS is seeking to outpace loan and deposit growth at other Turkish lenders next year on expectations that the government will extend a program to boost lending.

Qatar National Bank’s Turkish unit aims to grow loans and deposits by about 20 percent in 2018, Temel Guzeloglu, chief executive officer of the Istanbul-based lender said in an interview on Thursday. The industrywide average expected for next year is 15 percent, he said.

“You have to inject liquidity into an economy that suffers capital deficiency and the only way to do this through the banking sector,” Guzeloglu said. “We will try to overcome the high loan-to-deposit ratio issue through wholesale funding.”



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