Central Bank increased credit limits
Changes were made to the macroprudential framework; Limits increased for consumer, vehicle and SME loans
Quick Look
- The Central Bank of the Republic of Turkey made changes to the macroprudential framework in order to support macrofinancial stability and the monetary transmission mechanism.
- The growth limit for consumer and vehicle loans was increased from 3 percent to 3.5 percent, for SME loans from 5 percent to 5.5 percent, and for non-SME business loans from 2 percent to 2.5 percent.
- It was decided to make interest or compensation payments on required reserves for TL and foreign currency non-deposit liabilities with a maturity of more than one year.
AI-generated summary
Why It Matters
The Central Bank made changes to the macroprudential framework in order to support macrofinancial stability and the monetary transmission mechanism. The eight-week growth limit for consumer and vehicle loans was increased from 3 percent to 3.5 percent. The limit for TL loans granted to SMEs was increased from 5 percent to 5.5 percent, and for TL loans granted to non-SME businesses, it was increased from 2 percent to 2.5 percent.
The Central Bank made changes to the macroprudential framework in order to support macrofinancial stability and the monetary transmission mechanism. Growth limits were increased for consumer and vehicle loans and TL loans extended to SME and non-SME businesses.
Central Bank increased credit limits
The Central Bank of the Republic of Turkey (CBRT) made changes to the macroprudential framework in order to support macrofinancial stability and monetary transmission mechanism.
LIMITS INCREASED FOR NEEDS AND VEHICLE LOANS
According to the new regulation, the eight-week growth limit for consumer and vehicle loans was increased from 3 percent to 3.5 percent.
SME LOANS ALSO INCREASED
The growth limit for TL loans extended to SMEs was increased from 5 percent to 5.5 percent. The limit for TL loans extended to non-SME businesses was increased from 2 percent to 2.5 percent.
INTEREST AND COMPENSATION PAYMENT ON REQUIREMENTS
Within the scope of the regulation, it was decided to make interest or compensation payments in TL for the required reserves established for the non-deposit liabilities of banks and financing companies in TL and foreign currency with a maturity of more than one year.
Open Questions
- When will the new borders come into force?
- What is the expected impact of these changes on inflation?
- Are limit changes planned for other loan types?




