TCMB - Press Release on Additional Tightening Measures (2024-13)
Central bank: tcmb | Type: decision | Date: 2024-03-06

Press Release on Additional Tightening Measures (2024-13)
No: 2024-13
6 March 2024
Press Release on Additional Tightening Measures
The monthly growth limit for TL commercial loans
, previously set at 2.5 percent, has been reduced to 2 percent.
The monthly growth limit for general purpose loans, previously set at 3 percent, has been revised down to 2 percent. The 2 percent limit for vehicle loans remains unchanged.
Besides the securities maintenance practice, additional work is being carried out on introducing reserve requirements based on loan growth to enhance the effectiveness of measure pertaining to growth limits.
Moreover, further measures are being assessed to strengthen the monetary transmission mechanism.
(1) Loans targeting exports, investments, agriculture and tradesmen as well as loans extended to public institutions and in the earthquake zone will remain exempt from this restriction.
Press Release on Additional Tightening Measures (2024-13)