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EBRD pitches Turkish reforms to open bad debt to foreign buyers

08 Nov 2019

ISTANBUL, Nov 8 The European Bank for Reconstruction and Development made 30 recommendations on Friday for Turkey to restructure its laws and markets so that foreign companies could easily buy some of the tens of billions of dollars in bad debt held by lenders.

REFILE-Unlu&Co says foreign funds keen to buy up Turkish bad loans

06 Nov 2019

ISTANBUL, Nov 4 Foreign investors would be interested in buying non-performing loans from Turkey's banks if Ankara makes the necessary adjustment to regulations, the chief executive of Turkish investment services and asset management group Unlu&Co said.

UPDATE 1-Istanbul Airport operator mandates Dome Group to refinance project loans

05 Nov 2019

ISTANBUL, Nov 5 Turkey's Istanbul Airport operator IGA mandated London-based Dome Group for the refinancing of loans it took out for the investment, the company told Reuters on Tuesday.

Istanbul Airport operator mandates Dome Group to refinance project loans

05 Nov 2019

ISTANBUL, Nov 5 Turkey's Istanbul Airport operator IGA mandated London-based Dome Group for the refinancing of loans it took out for the investment, the company said in a statement to Reuters on Tuesday.

Turkish bankers, officials discuss easing foreign purchases of bad debt

04 Nov 2019

* Tens of billions of dollars of bad debt lingers from crisis

Actus close to launching first Turkish fund for problem loans -source

25 Oct 2019

ISTANBUL, Oct 25 Turkish asset manager Actus Portfoy is in the final stage of launching a first-of-its-kind $150-million fund with a foreign partner to invest in non-performing corporate loans, a source with direct knowledge of the effort told Reuters.

UPDATE 3-Slowing Turkish inflation gives room for more rate cuts

03 Oct 2019

* President Erdogan been pushing for more monetary easing (Adds Albayrak comment, central bank data)

RPT-INSIGHT-Turkey turned up heat on banks after standoff over bad loans

23 Sep 2019

* Regulator asked banks 'one last time' to deal with soured debt

Turkey turned up heat on banks after standoff over bad loans

20 Sep 2019

ISTANBUL/ANKARA Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters.

INSIGHT-Turkey turned up heat on banks after standoff over bad loans

20 Sep 2019

* Regulator asked banks 'one last time' to deal with soured debt

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