JOURNAL ARTICLE

Turkish Regulator Expands Scope of Retail Loan Restructuring.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Bilgic, Taylan 3 of 3

Abstract

The article focuses on Turkey's banking regulator allowing citizens to restructure their debt in response to the challenges posed by tight monetary policy, which has adversely affected low-income households reliant on credit card spending. The Banking Regulation and Supervision Agency announced that retail credit card debt and consumer loans can be restructured for up to 48 months, benefiting those who have missed payments or are struggling to repay their loans. The central bank has set a maximum interest rate of 3.11% per month for this restructuring. The article notes a significant increase in non-performing retail card debt and consumer loans, highlighting the financial strain on households amid rising interest rates and inflation. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/07, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:186603142
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