April 10, 2019 / 8:22 AM / 11 days ago

Turkey to take steps to strengthen banks' capital -Albayrak

ISTANBUL, April 10 (Reuters) - Turkish Finance Minister Berat Albayrak said on Wednesday that 28 billion lira ($4.92 billion) of debt securities will be given to state banks as part of a series of measures to strengthen their capital positions.

Announcing a reform package aimed to revive an economy plagued by high inflation and a fragile currency, he said private banks’ capital will also be increased if necessary. Dividend and bonus payments will be limited during a rebalancing period in the economy, he added. ($1 = 5.6897 liras) (Reporting by Ece Toksabay and Ali Kucukgocmen; Writing by Daren Butler; Editing by Jonathan Spicer)

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