Turkish Banks Get Some Relief as Foreign-Borrowing Costs Drop
Pedestrians pass a closed branch of the Turkiye Is Bankasi AS, also known as Isbank, on Istiklal street in Istanbul, Turkey. (Photographer: Nicole Tung/Bloomberg)

Turkish Banks Get Some Relief as Foreign-Borrowing Costs Drop

(Bloomberg) -- It’s getting cheaper for Turkish banks to raise foreign debt as the economy shows signs of avoiding a 2019 contraction and the government takes steps to deal with bad loans.
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