Agbal said Ankara would do whatev­er was needed to protec­t the intere­sts of its banksISTANBUL: Turkey’s government will take necessary measures if its banking system is impacted by an ongoing US court case over alleged Iran sanctions evasion, Finance Minister Naci Agbal told Reuters in an interview. Agbal said Ankara would do whatever was needed to protect the interests of its banks, comments aimed at easing investor concern about the potential fall-out from the trial of an executive of state lender Halkbank. Turkish gold trader implicates Erdogan in Iran money launderingAtilla has pleaded innocent and Halkbank has said all of its transactions have complied with international and domestic regulations. Ankara has said the case is politically motivated and an attempt to undermine Turkey’s economy and government. International investors have expressed concern that banks could be drawn into the US case.

Source: The Express Tribune December 07, 2017 07:52 UTC