Public bank

A loud intervention in the banks regarding their excessive profits is expected in the coming days from the government. According to information, the legislative regulation to reduce by 50% the high fees they charge citizens for their transactions is considered certain.

Turkey's short-term external debt stock stood at $125.3 billion at the end July, according to data released on Sept. 17. 

The debt that must be paid in a year or less climbed 9.7% in July compared to the end of 2020, according to the Turkish Central Bank.

A total of 40.7% of the debt stock is in U.S. dollars, 25.8% in euros, 13.3% Turkish liras, and 20.2% in other currencies.

Turkey's short-term external debt stock totaled $118.7 billion as of the end of March, official data showed on May 20. 

The Turkish banking sector was prepared when the economic crisis driven by the novel coronavirus struck, according to global audit and consultancy firm KPMG on May 6.

KPMG in Turkey analyzed the sectoral impact of the pandemic that shook the world.