Post-coup Turkey.

Kathimerini English - - Focus -

lower the level of non­per­form­ing loans. NPLs ra­tio fell to 15.9 per­cent in May 2017, from 18.2 per­cent in De­cem­ber 2016,” ex­perts said. They added that the re­duc­tion in bad loans is ex­pected to en­hance the lend­ing ca­pac­ity of sec­ond-tier banks. “Cleaned from the write-off ef­fects, the an­nual growth of the to­tal loan port­fo­lio in April re­mained mod­est, at 3 per­cent. How­ever, the BoA ex­pects lend­ing ac­tiv­ity to im­prove grad­u­ally in the quar­ters ahead, re­flect­ing the ex­pected ex­pan­sion of de­mand and im­prove­ment of sup­ply,” ex­perts said.

Turk­ish au­thor­i­ties have seized or ap­pointed an ad­min­is­tra­tor to 965 com­pa­nies with to­tal an­nual sales of some 21.9 bil­lion lira (5.3 bil­lion eu­ros) in the year since an at­tempted coup in July 2016, Deputy Prime Min­is­ter Nuret­tin Canikli said yes­ter­day. Un­der the emer­gency rule im­posed af­ter the coup, Turk­ish au­thor­i­ties took con­trol of com­pa­nies sus­pected of hav­ing links to fol­low­ers of Fethul­lah Gulen, the US-based Mus­lim cleric blamed by Ankara for the failed mil­i­tary takeover. The 965 com­pa­nies un­der state man­age­ment con­trol, based in 43 prov­inces across Turkey, have as­sets to­tal­ing some 41 bil­lion lira and em­ploy 46,357 peo­ple, Canikli said in a writ­ten state­ment. Turkey took con­trol of a bank, in­dus­trial com­pa­nies and me­dia firms as part of the crack­down on com­pa­nies ac­cused of links to Gulen. He has de­nied in­volve­ment in the putsch. Apart from the busi­ness crack­down, Turkey has jailed more than 50,000 peo­ple pend­ing trial and sus­pended or dis­missed some 150,000, in­clud­ing sol­diers, po­lice of­fi­cers, teach­ers and civil ser­vants, over al­leged links with ter­ror­ist groups.

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