Business

Turkiye: Commercial loan regulation from the BRSA

The Banking Regulation and Supervision Agency took a new step in commercial loans. It stipulated that companies with foreign currency assets of up to ₺15 million should not increase their foreign currency assets above ₺15 million in case they use loans.

According to the BRSA decision, a new step has been taken towards strengthening financial stability and the efficient operation of the credit system by using resources more efficiently.

Accordingly, loans can be given to companies whose foreign currency assets do not exceed ₺15 million, provided that they do not increase their foreign currency assets above this figure.

Decline in foreign exchange and gold

According to the decision, Turkish lira commercial loans will not be given to companies whose foreign currency assets exceed 10% of ₺15 million after using the loan.

After this decision of the BRSA, there was a decrease in foreign exchange and gold.

Source: Trthaber / Translated by Irem Yildiz

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