Kathimerini English

Turkey NPLs.

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Turkish Finance Minister Berat Albayrak called on banks to speed up restructur­ing of loans and said the government would support formation of an asset management company to take on loans of problemati­c companies from all banks. Speaking at the general assembly of the Turkish Banking Associatio­n, Albayrak said the government was aware of plans by banks to set up the asset management company, adding that it should have an effective model.

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