Banking Regulation and Supervision Agency

What will be 'new normal' for Turkish economy after elections?

The Turkish economy has been entering into another election period with a lot of uncertainties coming from both inside and outside. The question is what will be ?new normal? for the country?s economy in the post-election period as something really needs to be change immediately to move forward.

Defaulted credit card and consumer loan debts rising in Turkey

The volume of defaulted credit card and consumer loan debts reached 15.1 billion Turkish Liras ($5 billion) in July, according to figures from Turkey's banking watchdog. 

Defaulted credit card and consumer loan debts rose by 14.5 percent and by 20 percent, respectively, since the beginning of the year, according to data from the Banking Regulation and Supervision Agency (BDDK). 

Asset management firms set eyes on unpaid bills of indebted Turkish citizens

Asset management companies, which have already been de-facto managing the non-performing loans of the ten largest banks in Turkey, have now set their eyes on unpaid telecommunication, natural gas and water bills, according to an exclusive report in daily Dünya. 

Turkey launches Ziraat Bank's Islamic branch

Turkey?s largest state-owned bank, Ziraat Bank, has launched its first branch for Islamic finance in Istanbul.

?This is a historic step. Other state-owned banks should follow Ziraat?s move,? President Recep Tayyip Erdo?an said on May 29  during the opening ceremony in the Eminönü neighborhood, referring to Vakifbank and Halk Bank.