Turkey wants banks to write off $1.9 billion to boost credit
(WorldNews Turkey)

Istanbul: Turkey wants its banks to write off loans to some energy projects as part of a larger plan to clear lenders´ books, an effort aimed at boosting credit in the nation´s ailing economy. Banking regulator BDDK wants credit extended to at least three gas-fired power plants to be classified as non-performing loans, according to people with knowledge of the matter. They are ACWA´s $1 billion plant in Kirikkale, Gama Enerji´s $900 million project near Ankara and a $1 billion facility run by Ansaldo Energia SpA and its partners in Gebze, the people said, asking not to be identified discussing confidential talks. Turkiye Garanti Bankasi AS, Turkiye Is Bankasi AS, Akbank TAS, European Bank...