Minister Şimşek's statement on SMEs' access to finance
With the Central Bank's required reserve regulation, the SME loan growth limit has become 5 percent.
Minister of Treasury and Finance Mehmet Şimşek announced that the growth limit for SME loans has been raised to 5 percent through the amendment in the Central Bank's required reserve application.
New Rate for SME Loans
Minister of Treasury and Finance Mehmet Şimşek evaluated the steps taken by the Central Bank of the Republic of Turkey regarding SME loans via his social media account. It was reported that with the regulation, the growth limit in SME loans was increased from 4.5 percent to the level of 5 percent.
Blocked Reserve Requirements Lowered
Within the scope of the application change made by the Central Bank, a decrease was made in the blocked reserve requirement rates applied to Turkish lira required reserves. With this step, it is aimed to strengthen the liquidity management of the banking sector and increase the funding opportunities of businesses.
Disinflation and Targeted Approach
Minister Şimşek emphasized that they continue to support the financial system and the real economy through macroprudential steps. It was stated that the targeted and selective approach, taking the disinflation process into account, will be resolutely maintained.