September 30, 2019 / 8:50 AM / 2 months ago

Turkish banks to see 'clean slate' after steps taken on NPLs -Albayrak

ANKARA, Sept 30 (Reuters) - Finance Minister Berat Albayrak said on Monday that Turkish banks will see a “clean slate” in the upcoming period after steps taken to classify more loans as non-performing.

Speaking in Ankara, Albayrak added he thinks the banks will return to providing financing and that the sector is expected to take a proactive role in introducing new tools. (Reporting by Tuvan Gumrukcu and Nevzat Devranoglu; Writing by Ezgi Erkoyun; Editing by Jonathan Spicer)

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