Turkey is facing a speculative attack rather than an economic crisis, the CEO of a major private lender said on Tuesday.
The Banking Regulation and Supervision Agency (BDDK), Central Bank, Treasury, and Capital Markets Board (SPK) are all making timely decisions, Ateş stressed.
He added that the Turkish banking system is solid and that the Central Bank's decisions served to block speculation.
"Turkish people are able to overcome much bigger problems than speculative attacks," Ateş said.
