Turkey Unrest Deals New Blow as Banks Struggle With Bad Debt – Bloomberg

Turkey Unrest Deals New Blow as Banks Struggle With Bad Debt
Bloomberg
Turkey’s failed coup is dealing yet another blow to the nation’s banks, which are already under pressure from rising bad debts and a slump in tourism. Istanbul-based lenders Yapi ve Kredi Bankasi AS and Sekerbank TAS canceled about $800 million of debt …

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