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Reuters exclusively reports Turkey’s banks set for capital healing after pandemic battle

Business & Finance

Reuters exclusively reported that Turkey is considering a fresh capital injection for state banks, but they also need a plan to deal with lingering bad debt after lenders depleted their resources helping Ankara’s battle against COVID-19. While privately-held peers were more conservative, the state banks nearly doubled their lending last year, helping the $720-billion economy avoid a contraction and mount a strong recovery helped by a speedy coronavirus vaccination campaign. Now, authorities want the lenders to be ready for another burst of credit later this year or next to meet pent-up demand from builders and other borrowers.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Europe / Middle East / Africa

Countries: Turkey

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story


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