With the new regulation, it is aimed to support tight monetary policy and strengthen macrofinancial stability while narrowing the growth limits in individual and commercial loans.
LIMIT FOR NEEDS AND VEHICLE LOANS HAS DECREASED
Within the scope of the regulation, growth limits for all loan types in individual loans were reduced by 1 point.
Accordingly, the growth limit in consumer and vehicle loans extended to consumers in the 8-week period was reduced from 4 percent to 3 percent. Overdraft account (Overdraft) limit growth was reduced from 2 percent to 1 percent.
TIGHTENING IN COMMERCIAL CREDITS
Loan growth limits for Turkish lira commercial loans were also lowered.
While the growth limit for TL loans granted to SMEs was reduced from 5 percent to 4.5 percent, the limit for TL loans granted to large non-SME enterprises was reduced from 3 percent to 2 percent.
Thus, a more controlled growth was aimed on the commercial loan side.
THE REGULATION HAS BEEN IN EFFECT IMMEDIATELY
Since the credit growth calculation period ends today, the CBRT published the changes for the new period and put them into effect today.
In the Central Bank statement, it was stated that the decisions taken aimed to support the tight monetary stance and strengthen macrofinancial stability.
SOME CREDITS ARE NOT COVERED
On the other hand, it was reported that exports, investment, agriculture and some types of publicly supported loans were excluded from the scope of growth restrictions.
