trending Market Intelligence /marketintelligence/en/news-insights/trending/70M8X_6xcgUp1vjwN8NahQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Turkish banks to restructure local football clubs' debts

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Report: Turkish banks to restructure local football clubs' debts

The Banks Association of Turkey plans to restructure debts of top Turkish football clubs, which have accumulated more than 10 billion lira of loans, Reuters reported Jan. 7.

Following Turkish media report saying that state lender T.C. Ziraat Bankası AŞ will restructure the debts of 18 clubs in Turkey's top football league, the association said no single bank will absorb the debts and that all banks will continue to manage their own risks, the Jan. 7 report said. It added that the loans will not be written off.

As of Jan. 7, US$1 was equivalent to 5.39 Turkish lira.