Turkey eases rules on $8.1bn of bad loans

Pedro Gonçalves
clock • 1 min read

Turkey's banking watchdog backed down on a directive issued in September instructing banks to classify $8.1bn of loans as non-performing, Bloomberg reported. Banks will no longer need to book loans of solvent firms as bad debt, Bloomberg said, citing people familiar with the matter. The Banking Regulation and Supervision Agency (BDDK) declined to comment. It is now up to banks to decide which debt should be classified as non-performing loans (NPLs), the sources said, asking to remain anonymous because the decision has not been made public. The firms will not need to book the loans of ...

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