According to a statement on the Central Bank of the Republic of Türkiye (CBRT) website, loan growth limits have been lowered under the reserve requirement requirement.
While the limits for all types of loans were reduced by 1 point for individual loans, for commercial loans in Turkish lira the limits for loans to large companies were reduced by 1 point and for SME loans by 0.5 points.
While the growth limit for consumer and motor vehicle loans granted to consumers in the 8-week period has been reduced from 4 percent to 3 percent, the growth limit for overdrafts granted to consumers has been reduced from 2 percent to 1 percent. The growth limit for TL loans to SMEs has been reduced from 5 percent to 4.5 percent, and the growth limit for TL loans to non-SME companies has been reduced from 3 percent to 2 percent.
Since the credit growth calculation period ends today, the changes for the new period were published and implemented today. With the regulation, the CBRT aims to support the restrictive monetary policy stance and strengthen macro-financial stability.
Loans granted in some areas such as export, investment, agriculture and public sector are exempt from the scope of growth restrictions.
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