CBRT Revises Reserve Requirement Regulations Based on Loan Growth

Foreks - The Central Bank of the Republic of Turkey (CBRT) has made changes to the reserve requirement based on credit growth in order to ensure that the credit growth and its composition align with the disinflation path.

According to the announcement from the CBRT, the monthly growth limit for foreign currency commercial loans has been reduced from 1.5% to 1%.

For Turkish lira commercial loans, the monthly growth limit has been differentiated as follows: 2.5% for SME loans and 1.5% for other commercial loans.

Additionally, it has been decided that Turkish lira loans provided to SMEs, funded by KOSGEB support or resources from international development finance institutions within the scope of sustainability, will be exempt from the credit growth limit.