World Bank Experts Due In Turkey In June To Inspect State Banks

ANKARA - World Bank experts would come to Turkey again in June to inspect state banks, sources said on Friday.
Sources told A.A correspondent that World Bank experts, who inspected state banks in March, would continue their inspection in every three month.
Therefore, the sources said, experts would come to Turkey again in June.
In their meetings, Turkish bureaucrats stressed that Turkey was not against privatization of state banks, but this issue should not continuously be kept high on agenda because it had negative impacts on both motivation of personnel of state banks and having institutional clients.
The sources noted that World Bank experts agreed with the economy management about those negative effects.
Turkish economy bureaucrats and World Bank agreed on reduction of public borrowing notes which were the assets of those state banks, the sources said.
The sources noted that this issue was considered an obstacle before privatization of state banks.
Economy management stated that it was not possible to sell those notes and noted that their share in the balance sheet could be reduced by giving more credits.
The sources said that this assertion of the economy management was accepted in the meetings.
The sources pointed out that the economy management gave the message in the meetings that the year 2004 was a year of change in state banks and problems would be solved in 2005.
In the meetings, economy bureaucrats said that state banks were not deteriorating the system while World Bank experts and the economy management agreed that efforts to form a road map should continue in order to help state banks reach sectoral averages.
(BRC-AÖ) 19.03.2004