Turkey banks group says some short-term debt to businesses should be restructured

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Turkish banks should restructure some short-term loans for companies with less than $4 million in cash debt, the TBB banking association said on Monday.

Banks should restructure some debts maturing before April 30, 2019 held by businesses with less than 15 million lira of cash debt ($4.05 million), it said in a statement. The restructuring should be for up to 24 months and allow of up to six months of non-payment of the loan principal.

ISTANBUL (Reuters)

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