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Exclusive: Turkey s banks set for capital healing after pandemic battle -sources
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Capital injection expected as economy gains pace -sources
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ISTANBUL, July 8 (Reuters) - Turkey is considering a fresh capital injection for state banks but they also need a plan to deal with lingering bad debt after the lenders depleted their resources helping Ankara s battle against COVID-19, senior bankers and government officials say.
While privately-held peers were more conservative, the state banks nearly doubled their lending last year, helping the $720-billion economy avoid a contraction and mount a strong recovery helped by a speedy coronavirus vaccination campaign.
Now, authorities want the lenders to be ready for another burst of credit later this year or next to meet pent-up demand from builders and other borrowers, the six sources told Reuters, requesting anonymity.