Following the Central Financial institution’s charge reduce, the Banking Regulation and Supervision Company (BDDK) took a brand new macro-prudential measure to tighten the mortgage market.
The overseas forex place restrict, which was 15 million TL earlier than, for firms that may use loans has been lowered to 10 million TL. The credit score restrict utilized to firms whose “money place exceeds 10 p.c, whichever is bigger than whole property or 1-year web gross sales income”, has been up to date as 5 p.c.
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With the brand new resolution taken by the Banking Regulation and Supervision Company (BDDK), the 15 million TL restrict beforehand used for overseas forex money property was lowered to 10 million TL.
Based on the information of Bloomberg HT; Within the earlier software, the restriction utilized to firms whose money place exceeds 10 p.c, whichever is bigger than their whole property or web gross sales income of the final 1 12 months based on their monetary statements, has been up to date as 5 p.c.
Thus, the scope for companies that may use credit score was additional narrowed.
With this step taken inside the framework of macro-prudential steps after the Central Financial institution’s rate of interest reduce, the need to “restrict credit score transfers to firms with money or overseas forex” turned clear.
The appliance will proceed in its previous type till October thirty first. The brand new restrictions will take impact from 1 November 2022.
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