Goldman, Bain, EBRD meet Turkish banks about problem loans -sources [Reuters]
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Goldman, Bain, EBRD meet Turkish banks about problem loans -sources - Reuters 3 Min Read ISTANBUL, May 9 (Reuters) - Goldman Sachs, Bain Capital and the European Bank for Reconstruction and Development met on Thursday with Turkish bankers and investors, three sources told Reuters, as Turkey works to pare down its balance of problematic loans. Foreign investors and institutions interested in non-performing loans (NPL) were to attend the meeting in Istanbul arranged by PricewaterhouseCoopers, the people said, requesting anonymity because they were not authorized to discuss it. A currency crisis saw the lira fall nearly 30 percent against the dollar last year. That raised the cost of servicing foreign debt to surge resulting in a surge in problematic loans at banks. Finance Minister Berat Albayrak said last month that Turkey would offer a nearly $5-billion injection for state banks in order to help them improve their balances. He said problematic loans in the energy and construction sect
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