Central Bank updates credit growth limits
The Central Bank of the Republic of Türkiye has revised growth limits for personal, vehicle, and commercial loans upward to support macrofinancial stability. Additionally, it was decided to pay interest on required reserves for non-deposit liabilities.
The Central Bank of the Republic of Türkiye (CBRT) has announced changes to credit growth limits with the aim of strengthening macrofinancial stability and the monetary transmission mechanism.
Within the scope of the regulation, the growth limit for personal and vehicle loans extended to consumers was increased from 3 percent to 3.5 percent. While the limit for Turkish lira loans extended to SMEs was raised from 5 percent to 5.5 percent, this rate was updated from 2 percent to 2.5 percent for non-SME businesses.
The Bank also decided to make interest or compensation payments in Turkish lira on required reserves established for non-deposit liabilities of banks and finance companies with maturities longer than 1 year in both Turkish lira and foreign currency.
Sources
- bigpara.hurriyet.com.tr · Link