The financial crisis facing companies in Turkey is deepening as the amount of non-performing loans from banks exceeded 519 billion lira as of the week of Oct. 24.
In the January-October period of 2025, the number of companies granted a temporary moratorium on debt repayment rose to 2,326, a 72% increase year on year.
An average of eight companies per day are granted a temporary moratorium. The number of concordats in the first ten months of this year has already exceeded the total for the whole of last year.
The number of tradesmen closing their doors in the first nine months of this year rose to 83,302.
In the first nine months of 2024, the number of companies, cooperatives and sole proprietorships that closed down was 31,453, while in the same period this year, this figure rose to 32,779, an increase of 1,326.
According to data from the Konkordatotakip website, in the first ten months of this year, 1,351 companies received a final deadline decision for a concordat, while 1,061 companies had their concordat requests rejected.
