Citizens mired in ever greater debt

There has been a huge increase both in fresh loans and restructuring loans aimed at saving insolvent businesses. The amount forwarded in loans by banks in the first three months of 2017 has risen by 55 billion Turkish lira to 175 billion.
The number of businesses in difficulty turning to surety provided by the Loan Guarantee Fund has amounted to 39,000 in one week. This is higher than the number to have been provided over 25 years. According to Turkish Statistical Institute data, 68% of the population is in debt.