Turkey Banking Watchdog Working to Ease Energy Companies' Debt
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Turkey’s banking regulator is working with energy companies and their lenders to help ease a debt burden estimated by some industry experts at $60 billion.
The Ankara-based regulator is investigating the situation after a request from both the banks and energy companies, Mehmet Ali Akben, head of the regulator, told reporters in Istanbul on Tuesday. It’s studying the matter with the energy ministry, he said.