Economics
Turkey Working on Bad Debt Roadmap to Boost Lending, Growth
- Regulator will ask nation’s lenders to reduce their NPL ratios
- Banks could sell soured debt or increase size of loan books
Istanbul, Turkey.
Photographer: Kostas Tsironis/BloombergThis article is for subscribers only.
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Turkey is working on a plan to rid banks of their non-performing loans as policy makers step up attempts to boost lending and growth.