Turkey Banks to Adopt Inflation Accounting as of Jan. 1, 2025

Turkey’s banking regulator, known as BDDK, says banks, leasing, factoring firms and asset management companies will adopt inflation accounting rules starting from Jan. 1, 2025, according to statement.

• NOTE: Financial institutions were excluded from inflation accounting for 2024
• NOTE: Turkish Firms to Get Reality Check With Inflation Accounting

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Onur Ant at oant@bloomberg.net

Patrick Sykes

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