Economics
Turkey’s State Banks Pump Up Lending to Boost Economy
- State banks offer mortgages, loans at below-inflation rates
- Banking regulator forces banks to lend more with new rules
Customers use automatic teller machines in Istanbul.
Photographer: Kerem Uzel/BloombergThis article is for subscribers only.
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Turkey unveiled its most expansive program of credit incentives in four years to help the economy recover from the coronavirus pandemic.