Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Sweeping reforms to capital markets institutions will hinge on a State Audit Council (DDK) report on the multi-billion-dollar investment fund scandal, with President Recep Tayyip Erdoğan awaiting its findings before taking action.
The Foreign Exchange-Protected Deposit scheme, known as KKM, has come to a complete end after total balances in the accounts dropped to zero, according to weekly data from the Banking Regulation and Supervision Agency (BDDK).
Turkey’s Banking Regulation and Supervision Agency (BDDK) released new data covering the first nine months of 2025, revealing the country’s debt landscape by province. The capital, Ankara, recorded the highest total credit debt, while the central Anatolian province of Karaman had the largest share of citizens unable to repay their loans and facing collection proceedings.