Celal Özkızan, Omorfo Regional Accountable, Banking Central Financial institution and Banking Regulation and Supervision Authority Knowledge and Banking Ready by Rüştü Yücel made an announcement in regards to the graph present. Mentioning {that a} horrible actuality within the north of Cyprus has emerged, Özkızan identified that the profitability of the banks within the north of Cyprus, which reveals the ratio of banks' internet revenue to the essence of their very own capital, drew consideration to the profitability of the banks in Turkey.
The revenue charge of banks within the north of Cyprus is 70 %
Özkızan stated, “Within the north of Cyprus, banks work with 70 %profitability. There isn’t any distinctive on this planet. This ratio within the UK is lower than 10 %, underneath 15 %within the USA, the EU's final 10 -year common, 15 %in South Africa and Brazil, 5 %in Japan, Kenya ' can be beneath 25 %. There isn’t any have to rely extra as a result of the world common is already round 10 %. Within the south of Cyprus, the typical of the final decade is beneath 10 %. Within the north of Cyprus, 70 p.c, kul he stated.
Hit this profitability charges on everybody's face like slap!
Özkızan said that we reside in a rustic the place extremely -riches, together with banks, in a rustic the place profitability on this planet may be very, far above profitability in a horrible order of exploitation. For the reason that enhance within the minimal wage will increase within the charge of life might sink the financial system, the equalization of the minimal wage to the bottom public wage will represent a burden on the financial system, because the salaries of public workers are burden on funds, we don’t have cash to help tradesmen and small enterprises, and we don’t have a supply to make infrastructure funding, street, college and hospital. ”.
Özkızan stated, “Nonetheless the profitability charges of everybody who oppose everybody who oppose the 'equalization of reserve tax, equalizing the minimal wage to the bottom public wage and specifically unionization' could be a burden on the financial system '!” he stated.
