MB lowers monthly growth limit for foreign currency loans to 1%
The Central Bank of the Republic of Turkey (CBRT) has announced changes to the monthly growth limits for commercial loans in an effort to align credit growth with the disinflation path. The new regulations include reducing the monthly growth limit for foreign currency commercial loans from 1.5 percent to 1 percent, while increasing the monthly growth limit for Turkish lira commercial loans to 2.5 percent for SME loans and 2 percent for other commercial loans.
In a statement released by the CBRT, it was emphasized that these adjustments were made to ensure the compatibility of the Bank’s credit growth and composition with the disinflation path. Additionally, Turkish lira loans provided to SMEs under the sustainability framework with the support of KOSGEB or international development finance institutions will be exempt from the loan growth limit.
These changes aim to support the stability of the financial system and encourage responsible lending practices. As the CBRT continues to monitor economic developments and assess risks, further adjustments to the macroprudential framework may be implemented in the future.
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