Category: Economy

Banks are being pushed to lend with the same reckless abandon. İşbank, one of Turkey’s largest private banks, has warned that the non-performing loans (NPLs) in its portfolio could reach 7.5% of its total loan book by ...

Turkey’s unemployment rate rose to 14.0 percent in the July-September period from 13.9 percent a month earlier, official data showed on Friday, with youth unemployment hitting a record high of 27.4 percent as a recession ...

Ziraat Bank, Turkey’s largest state-owned lender, said net income in the third quarter dropped by 39 percent year-on-year, the Ahval news website reported on Wednesday. Profit declined to 1.03 billion lira ($179 million) from 1.69 ...

ANKARA (Reuters) – Turkish President Tayyip Erdogan said on Saturday that interest rates will continue to fall, after the central bank last month cut rates to 14%, and added he expected inflation to hit single ...

(Reuters) – Turkey’s unemployment rate rose to 13.9% in the June-Aug period, while the seasonally adjusted rate hit its highest on record, according to official data on Tuesday that suggested workers are feeling the pinch from a ...