Troubled loans stock at banks in Turkey rises to TL 570 bn in March

As the dollar and euro freshen up against the TL today, the Central Bank has shared important data.

Accordingly, the stock of troubled loans at banks rose by almost TL 50bn to TL 570 bn in the first three months of 2021. The bank said 54.8 per cent of closely watched loans were in foreign currency, and that the exchange rate increase had increased the troubled loan balance.

Turkey, as in many other developing countries mainly has experienced difficult times in economy and it seemes as if measures taken by administration so far have not proved to contribute to improving the picture in favor of citizens.