Minister of Treasury and Finance Mehmet Şimşek announced that the CBRT has implemented SME loans and required reserves.

Minister of Treasury and Finance Mehmet Şimşek made a statement from the X account regarding the changes made by the Central Bank of the Republic of Turkey (CBRT) in SME loans and reserve requirements.

Stating that they support the financial system and the real economy with macroprudential steps, Şimşek stated that the growth limit in SME loans was increased from 4.5 percent to 5 percent, and the blocked facility rates in Turkish lira required reserves were reduced.

ACCESS TO FINANCING WILL BE EASIER FOR SMEs

Şimşek stated that these regulations will strengthen banks' liquidity management and facilitate SMEs' access to finance.

Emphasizing that the targeted and selective approach that takes into account the disinflation process will be continued with determination, Şimşek used the following statements in his statement:

"We support the financial system and the real economy with macroprudential steps.

The growth limit for SME loans was increased from 4.5% to 5%.

Blocked facility rates for TL required reserves were reduced.

Thus, while banks' liquidity management will be strengthened, our SMEs' access to finance will be easier.

"We resolutely continue our targeted and selective approach that takes into account the disinflation process."