Statement on SME Loans from Treasury and Finance Minister Şimşek
Treasury and Finance Minister Mehmet Şimşek emphasized that the steps taken by the CBRT will strengthen the liquidity management of banks and facilitate businesses' access to financing.
Treasury and Finance Minister Mehmet Şimşek made evaluations regarding the Central Bank of the Republic of Turkey raising the SME loan growth limit to 5 percent and lowering the block establishment rates for TRY required reserves.
New Limit on SME Loans
The growth limit applied by the CBRT for SME loans, which was previously 4.5 percent, was raised to the 5 percent level.
Liquidity Management and Financing
As a result of the decisions made, banks' liquidity management has been strengthened while small and medium-sized enterprises' access to financing has been facilitated.
Emphasis on the Disinflation Process
Minister Şimşek stated that targeted and selective approaches that take into account the disinflation process will be continued decisively.