Economic history of Italy
The number of deposit holders with at least one million Turkish Liras (around $172,000) and more in their bank accounts increased by 29,928 compared to the end of 2018 to reach a total of 210,054 people as of end-August, Anadolu Agency has calculated based on data from the country's banking regulator BDDK.
Turkey's housing loans extended by local lenders increased from 178.7 billion Turkish Liras at the end of July to 189 billion liras in the second week of October, as banks cut borrowing costs for potential home buyers, state-run Anadolu Agency reported, citing data from the banking sector regulator BDDK.
Bad loans worth 30 billion euros are being prepared for transfer to the asset protection scheme (APS) that the Finance Ministry is creating.
This is twice the original amount provided for, a development that highlights the government's resolve to tackle the problem of banks' nonperforming exposures.