Wednesday 20 November 2019
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Brecorder News - 12 days ago

EBRD pitches Turkish reforms to open bad debt to foreign buyers

Turkey s justice ministry is expected to propose insolvency law adjustments early in 2020 that would help clean up the NPLs. The steps are not sufficient yet, but they are in the right direction, said Arvid Tuerkner, the EBRD s MD managing director in Turkey. Banks will tell you they would love to sell, but the bid-ask [ ]


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