Galatasaray Borrowed Money at the World's Highest Interest Rate.
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According to Galatasaray Sportif AŞ's quarterly financial statement, the club borrowed 302 million Turkish Lira at an interest rate of 64% during the three-month period from June to August. This interest rate represents a world record, as well as being the highest in Türkiye.
According to Galatasaray Sportif AŞ's quarterly balance sheet, the club borrowed 302 million Turkish Lira at a 64% interest rate during the three-month period from June to August. This interest rate is a world record, not only in Türkiye but also globally. According to Central Bank statistics, the average commercial loan interest rate is currently 53%, while consumer loan rates are even at 62%. The highest policy interest rate in the world is in…
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