Photographer: Tim Graham/Getty Images

Ballooning Bad Loans in Turkey Seen Worsening as Tourists Flee

  • Non-performing loan ratio rose to five-year high 3.18% in Jan.
  • Commerzbank, BGC see more NPLs as tourism suffers slowdown

The ailments afflicting Turkey’s economy that have triggered a surge in bad loans look poised to get worse before they get better.

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