Statement from the Banks Association of Türkiye on the Fund Investigation and SME Loans

Alpaslan Çakar, President of the Banks Association of Türkiye, announced at a press meeting that fund investigations are not expected to have a negative reflection on the banking sector, noting that the moving funds remain within the system.

Impact of the Fund Investigation on the Sector

Alpaslan Çakar expressed that they do not expect a negative reflection of the ongoing fund investigation on the banking sector. He emphasized that the money moving within the scope of the investigation remains inside the banking system.

Limit Update on SME Loans

Clarity was provided on whether the Central Bank of the Republic of Turkey (CBRT) increasing the growth limit on SME loans from 4.5 percent to 5 percent was related to the fund investigations. It was stated that the investigation has taken place in a more limited area covering individuals.

Liquidity and the Situation of SMEs

Alpaslan Çakar conveyed that work on SME loans has been ongoing for some time. It was pointed out that the biggest problem regarding access to liquidity is experienced by SMEs.

Independence of Decisions

It was noted that the Central Bank's growth limit decision is independent of the fund investigation. It was stated that this step is a continuation of previous decisions that ease liquidity.