Turkey’s chief bankers advise people to stop excessive spending
Because of the high consumer loans and outstanding credit card bills, Turkey’s leading bankers have pointed out that people should be more careful when spending their money.
Data show that consumer loans alone rose 42 % in 2010, while credit card debt grew 24 %.
Taking Turkey’s large youth population and strong economic growth in consideration, Hüseyin Ayd?n, Turkish Banks Association (TBB) chairman and Ziraat Bank head, said it is normal to see a rise in consumer spending in a stable economy.
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