Bad debts: Albayrak sees a pickup in growth once the rest of the bad loans are dealt with. — Reuters
ISTANBUL: Turkey wants its banks to write off loans to some energy projects as part of a larger plan to clear lenders’ books, an effort aimed at boosting credit in the nation’s ailing economy.
Banking regulator BDDK wants credit extended to at least three gas-fired power plants to be classified as non-performing loans, according to people with knowledge of the matter.
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