Turkey credit.

needs to adopt macro-critical structural reforms in order to preserve financial stability, protect the downward trajectory of public debt, and support balanced and durable growth. Cyprus Cooperative Bank, the island’s second largest lender, was put up for sale about 10 days ago as it has been made vulnerable by high NPLs, most of which are secured by primary residence mortgages that under current law cannot be foreclosed. Despite an energetic loan restructuring program over the past two to three years, NPLs still stand at about 20 billion euros, more than 40 percent of the banks’ total loan portfolios. travelers with data on actual traffic at two specific locations on the highway (Elefsina and the Corinth Canal toll stations) on the day, and time and traffic predictions at those spots in both directions for the next 72 hours.

Turkey’s banks continue to see strong appetite for credit, the chief executive of the country’s largest lender by assets said, amid a push by President Recep Tayyip Erdogan to spur loan growth and boost the economy ahead of 2019 elections. Ziraat Bank CEO Huseyin Aydin also said the unlisted lender saw 5 percent growth in assets in the first quarter of the year. “Ziraat Bank recorded 5 percent growth in cash loans and assets in the first quarter,” Aydin said in comments that were released yesterday. “Loan supply and demand continues. There are people and institutions demanding loans,” he said. Aydin is also head of the Banks Association of Turkey industry group.