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Regulator (BDKK) Expected to Extend Lenient Rules on NPL Classification

TURKEY
  • Turkey is expected to keep its lenient rules for defining bad loans in place for at least another 3-6 months according to Dunya Newspaper*
  • Measures allowing banks to define a loan as non-performing after 180 days rather than 90 days, was due to expire at the end of next month after a 6-month extension from December 2020.
  • Banking executives recently warned the BDDK that returning to the 90-day system would lead to an increase in NPLs.
  • Capital set aside by banks to cover bad loans increased 9.3% to TRY114bn in March from a year prior.
  • Official data shows NPLs as a proportion of total lending fell to 3.79%, or TRY149.5bn ($18bn), in March from 4.96 percent a year prior.
  • The decline at state-run banks, which has led loan restructuring efforts, was even greater.
  • However, extending the more relaxed rules presents dangers to borrowing culture in Turkey.
  • People who take out loans from banks are already becoming used to waivers on repayments and may be even less likely to meet their dues, Dunya said.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market News
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market News

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