Largest city gets largest loans
ANKARA - Anatolia News Agency
The volume of loans created in Istanbul equaled the combined loan volume recorded by the 76 Turkish provinces in the first nine months of the year, according to data from the Banking Regulation and Supervision Agency (BDDK). The amount of loans residents of Istanbul took out from banks and financial institutions came to nearly 293 billion Turkish Liras.
Istanbul was followed by Ankara with 86.3 billion liras and İzmir with 42.2 billion liras. Antalya, a major tourist destination in the south of Turkey, came in fourth with 24.4 billion liras in the provincial list of loan volumes.
Unsurprisingly, the worst performers were the eastern provinces of Ardahan, Kilis, Tunceli, Hakkari and Bayburt, each reporting under 500,000 liras in loan volume.