Turkey turned up heat on banks after standoff over bad loans
Reuters
Orhan Coskun and Ebru Tuncay and Can Sezer and Jonathan Spicer
September 23, 2019
ISTANBUL/ANKARA — Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters.
More:Turkey turned up heat on banks after standoff over bad loans | Financial Post
