41 million Turks have credit debts to banks

Istanbul residents constituted the highest number of loan recipients from banks

41 million Turks have credit debts to banks

The Chamber of Trade of Ankara (ATO) said Saturday that more than half of the Turkish population have credit debts to banks after banks increased the amount of loans and made obtaining loans easier.

The number of Turkish citizens having credit debts has risen to 40,980,000 as of the end of September 2010 and the total amount owed to banks has reached 475 billion TL (approx. 306.4 billion USD), ATO said in a written statement issued Saturday.

Istanbul residents constituted the highest number of loan recipients. 41 percent of all bank loans were issued to Istanbul residents. An average Istanbul resident owes 14,962 TL (approx. 9,652 USD) to banks, the ATO also said.

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Last Mod: 01 Ocak 2011, 15:06
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