Page 37 - TURKRptFeb20

8.1.4 NPLs
Major NPL sales by Turkish lenders
Seller
TRYmn
Price
Recovery
Buyers
Dec-19
ICBC
18
-
-
Emir
Dec-19
Seker
150
-
-
Sumer
Dec-19
Akbank
715
33
4.59%
Istanbul, Gelecek
Dec-19
Garanti
323.3
25.1
7.76%
Efes, Gelecek
Oct-19
Deniz
205
-
-
Hedef, Emir
Sep-19
Isbank
1097
32
2.95%
Efes, Hayat, Birikim, Dogru
Jul-19
Garanti
260
19
7.12%
Gelecek
Jun-19
Yapi Kredi
917
26
2.79%
Arsan, Dogru, Efes, Emir, Gelecek, Hayat, Sumer
Jun-19
Seker
203
-
-
-
May-19
Yapi Kredi
298
23
7.61%
Hayat, Arsan
May-19
Isbank
418
30
7.17%
Efes, Gelecek
Apr-19
Garanti
365
19
5.33%
Sumer
Apr-19
Yapi Kredi
529
16
3.08%
Gelecek, Hayat
Mar-19
Yapi Kredi
396
24
6.07%
Efes, Gelecek
Fitch Ratings said on January 6 that it expected the Turkish banking sector’s non-performing loans ( NPLs) ratio to increase to 7-8% by end-2020 , assuming moderate loan growth and a low level of write-offs, and in the absence of market shocks, significant regulatory forbearance or sector-wide clean-up measures.
Reports suggest Turkish companies have requested that banks restructure at least $30bn of loans.
S&P’s lead Turkey analyst Maxim Rybnikov said in August 2019 that the combined level of problem loans, including both NPLs and restructured loans, was expected to rise to about 20% for the system as a whole.
Turkish banks have some Turkish lira (TRY) 296bn ($52.4bn) in “Stage 2 loans”—loans for which the risk of non-payment has increased significantly—on their books a banker briefed Reuters on September 30. Between 15-20% of that total would become non-performing loans (NPLs)
37 TURKEY Country Report OUTLOOK 2020 www.intellinews.com