Economic history of Italy

Housing loan volume hits $33 billion

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.

State NPE scheme to double in size

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.

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