The Loan Debt of 10 Cities Affected by the Earthquake in Turkey is Close to 700 Billion Liras

The Banking Regulation and Supervision Agency (BDDK) has granted citizens affected by the earthquakes in Kahramanmaraş a 6-month maturity period for all existing and new loans. According to Minister of Treasury and Finance Nabati, even more assistance will be provided on these debts – amounting to an extraordinary 696 billion 958 million liras across 10 provinces. An astonishing 67% of all loan obligations, which includes non-performing loans, can be traced to the provinces of Gaziantep, Adana, and Hatay. In ten distinct areas alone, there exists a total debt burden amounting to 17 billion 972 million liras in bad loans.

Individual Debt’s 108 Billion TL

BRSA Fintürk data reveals that as of 2022, 10 provinces affected by the earthquake have a total consumer loan debt of TL 108 billion 393 million. This encompasses 4.8 billion liras in vehicle loans, 32.8 billion liras for housing purposes, 63 billion liras for purchasing goods and services, and an additional 7.7 billion owed to overdraft accounts, respectively. Companies across these provinces have accumulated a staggering 570 billion 592 million liras in loan debt. Of that amount, 14 billion 18 million is labeled as non-performing loans for businesses, whereas a startling 3 billion 953 million is owed to individuals and categorized as bad loans by the banks.

Credit Card Debt is Close to 51 Billion Dollars

Credit Card Debt is Close to 51 Billion Dollars

Retail credit card debt has climbed dramatically due to the economic crisis and inflation, totaling 50 billion 869 million liras across 10 provinces. Adana leads this list with 12.4 billion in card debt, followed closely by Gaziantep (8.9) and Hatay (6.8). But when it comes to consumer loan debt, Adana takes first place again at 15.3 billion liras; its inhabitants of Gaziantep have a total of 10.6 billion in loans, while residents of Hatay possess 9.3billion in such debts

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Ana Costa

I am resourceful and passionate about taking on whatever task lies ahead of me. I thrive in workplaces that promote diversity and inclusivity, whether it is working in journalism or being in the first place of global progressive social movements. I'm a journalist with a keen interest in reporting on daily global economic, finance, and crypto news. I have a deep understanding of how financial markets and global economies work, and I'm passionate about covering the latest developments in the world of cryptocurrency. I believe that the intersection of finance and technology is where the most exciting stories can be found, and I'm committed to staying up-to-date with the latest trends and emerging technologies in these areas. With years of experience in reporting and a strong network of sources, I strive to provide my readers with insightful and accurate coverage of the topics that matter most. Whether it's a breaking news story, an in-depth analysis of market trends, or an interview with a leading industry expert, I'm always ready to tackle the next big story and deliver it to my audience in a clear and engaging way. I focus on social media marketing, digital marketing, and market research. My strengths lie in creative marketing plans, collaboration with team members, and an eye for rising trends in different target markets.

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