turkish banks

Bad Loans and Bankruptcies Sound the Alarm for Turkey’s Economy

By Asli Kandemir ISTANBUL, May 4 – After years of growth fuelled by credit and domestic consumption, bad debts and bankruptcies are rising in Turkey, squeezing banks and exposing a fragile real economy which risks denting support for the ruling AK Party. In its first decade in power, the AKP, founded by President Tayyip Erdogan,

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