Bad Loans Soar at Turkish Banks
Bad loans in Turkey soared 3.6% m/m in January caused concerns rising around the asset quality in the financial sector. Even worse, annual change was 32.6% which was the highest figure recorded in six years. That being said, total NPLs in Turkish banking universe rose to TRY 49.2 billion which accounted for 3.18% of total...
Alarming Rise in Energy Loans
Turkish banks have been lending to energy industry firms at a rapid clip. The share of the industry in total corporate loans rose from 3% in 2007 to 7.4% in 2H15, and this came amid a lending boom that had been a major concern about the economy.
According to the Turkish banking...