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24-04-22
Turkish Central Bank restudies its reserve obligations
(MENAFN) On Saturday, the Turkish Central Bank went over its reserve obligations rule in a step to enhance the macro prudential policy toolkit.
According to the bank’s statement, reserve obligations, which utilized to only be implemented to the liability part of balance sheets, is now going to be used to asset parts too.
The bank also stated that Turkish lira-denominated commercial cash loans handed by lenders and funding firms is going to be conditioned to reserve obligations, mentioning that some loans would be removed from the gauge.
It also added, "commercial loans, which have been extended in four-week periods since April 1, shall be subject to a reserve requirement of 10% of the said loans during the maintenance periods of four weeks."
MENAFN24042022000045013568ID1104082508
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