Cyprus-Forum.com

[Viewpoint]

Total rubbish, loans in Turkey no longer run at 30% this was the rate 5 years ago, to find out what the bank rates are read the Central Bank of Turkeys web pages.

The doom and gloom merchants are out in force tonight.

Yes VP perhaps you should take your own advice and visit their web page here.
http://www.tcmb.gov.tr/yeni/eng/index.html

No need to go deep in there just tell us what you see on the left column, there where it says
CBRT Interest Rates (%)
Borrowing Lending
Overnight....

I AM WAITIIIIIIIIING

Lending Rate 8.5% not 30%

Ha, ha, ha, I knew it you would quote the 8.5%. I knew you would never even wonder what the hell this OVERNIGHT means.
You are such an easy bird to catch VP.

Now make a google search what "overnight interest rate" means. Is it the rate that people borrow from Banks? Or is it something else? How much bigger is the actual rate at which people borrow from Banks compared with the "overnight interest rate"?

To make things easier for you here is some clue. The overnight interest rate in the UK is currently 0.48%

Now after you get all your facts straight come back and give me the answers to my questions.

I AM WAITIIIIIIIIING

You are such a moron thats the rate if banks need urgent funds and borrow from the central bank, but lets accept your stupity for just one moment it is still well below the rate quoted in the article. Now go sit in the corner and place the pointy hat with D on it on your head.

[Viewpoint]

Here are some links for my easy bird

http://forexltd.co.uk/analytic/rates/
http://www.global-rates.com/interest-ra ... night.aspx

The Turkish central bank has cut the key interest rate even further in a bid to shore up the recent economic upturn. The CB cut rates by a further 25 basis points, bringing borrowing rates down to a record low of 6.50 percent and lending rates to 9 percent. This, despite the lobbying of several private banks against any further cut in rates.

30% makes that article utter rubbish what we have come to expect from you.

[Pyrpolizer]

Here are some links for my easy bird

http://forexltd.co.uk/analytic/rates/
http://www.global-rates.com/interest-ra ... night.aspx

The Turkish central bank has cut the key interest rate even further in a bid to shore up the recent economic upturn. The CB cut rates by a further 25 basis points, bringing borrowing rates down to a record low of 6.50 percent and lending rates to 9 percent. This, despite the lobbying of several private banks against any further cut in rates.

30% makes that article utter rubbish what we have come to expect from you.

Oh now are you going to accuse me of having written the article?
I hope you have already realized that your own figure 8.5% is simply a lie.

[Viewpoint]

Here are some links for my easy bird

http://forexltd.co.uk/analytic/rates/
http://www.global-rates.com/interest-ra ... night.aspx

The Turkish central bank has cut the key interest rate even further in a bid to shore up the recent economic upturn. The CB cut rates by a further 25 basis points, bringing borrowing rates down to a record low of 6.50 percent and lending rates to 9 percent. This, despite the lobbying of several private banks against any further cut in rates.

30% makes that article utter rubbish what we have come to expect from you.

Oh now are you going to accuse me of having written the article?
I hope you have already realized that your own figure 8.5% is simply a lie.

Prove it, 8.5% its the normal overnight lending rate of the Central Bank for FS. The 11.5% which is nowhere close to the 30% you wish the rates were in Turkey only apllies when a bank needs urgent funding without notice eg clearing purposes.

Man you are so stupid you are still debating the interest rates in Turkey even we in the TRNC dont have such high rates, they are a thing of the past move on your looking like the fool you really are.

[Maximus]

A war will probably spark it off anyway, as I and SEMİH İDİZ over at the HDN are saying; "Erdoğan can’t afford failure this time".

[Pyrpolizer]

Here are some links for my easy bird

http://forexltd.co.uk/analytic/rates/
http://www.global-rates.com/interest-ra ... night.aspx

The Turkish central bank has cut the key interest rate even further in a bid to shore up the recent economic upturn. The CB cut rates by a further 25 basis points, bringing borrowing rates down to a record low of 6.50 percent and lending rates to 9 percent. This, despite the lobbying of several private banks against any further cut in rates.

30% makes that article utter rubbish what we have come to expect from you.

Oh now are you going to accuse me of having written the article?
I hope you have already realized that your own figure 8.5% is simply a lie.

Prove it, 8.5% its the normal overnight lending rate of the Central Bank for FS. The 11.5% which is nowhere close to the 30% you wish the rates were in Turkey only apllies when a bank needs urgent funding without notice eg clearing purposes.

Man you are so stupid you are still debating the interest rates in Turkey even we in the TRNC dont have such high rates, they are a thing of the past move on your looking like the fool you really are.

Just show me where exactly have I ever supported that the 30% written in the article is correct. In fact I haven't posted the article and have made absolutely no reference to it.
are you a lunatic or something?

[Viewpoint]

Dont back track move on Pyro.

[Pyrpolizer]

so you are a lunatic after all.

[Pyrpolizer]

Now if you want to learn how Turkish Banks could of calculate a personal or corporate loan to appear as if it were on 11.5% interest rate (like VP suggests) instead of the hidden true figure of 20% have a look here
http://www.garanti.com.tr/en/personal_b ... UID3fa95ad

And if you want to check whether the article is right in saying that
"
Turkey's banks are still churning out consumer loans at a 30% annual rate, probably to capitalize the interest on loans bearing an 18% interest rate."

Check here by pressing rates & fees-Expand all panels
http://www.garanti.com.tr/en/personal_b ... id2=200492
where the e-credit is charged at 29.3% annually whereas overdraft accounts at 4.5% per month!!!

Yep, so neither the 8.5% figure given by VP was true, nor the 11.5%,

I guess at the compromise figure of 20% interest rates the economy of Turkey must be thriving then

[Viewpoint]

Now if you want to learn how Turkish Banks could of calculate a personal or corporate loan to appear as if it were on 11.5% interest rate (like VP suggests) instead of the hidden true figure of 20% have a look here
http://www.garanti.com.tr/en/personal_b ... UID3fa95ad

And if you want to check whether the article is right in saying that
"
Turkey's banks are still churning out consumer loans at a 30% annual rate, probably to capitalize the interest on loans bearing an 18% interest rate."

Check here by pressing rates & fees-Expand all panels
http://www.garanti.com.tr/en/personal_b ... id2=200492
where the e-credit is charged at 29.3% annually whereas overdraft accounts at 4.5% per month!!!

Yep, so neither the 8.5% figure given by VP was true, nor the 11.5%,

I guess at the compromise figure of 20% interest rates the economy of Turkey must be thriving then

However you dress it, its still not 30% which make the article worthless therefore not worth debating.