Turkish banking regulator takes another step towards normalization – Hürriyet.de

1.12.2020 10:22 pm

In its latest move to help the markets work, Turkish banking regulators raised the limit on domestic banks’ transactions with foreign banks in Turkish lira to 2.5 percent of their equity on November 30th.

The banking regulatory authority (BDDK) announced in May that the banks may not exceed 0.5 percent of their last calculated regulatory capital in total, lira placements, deposits, repos and loans to foreign banks.

This rule does not apply to overdrafts that are paid on the same day. Last week, the agency said it would stop calculating the asset ratio (AR) from the end of 2020 as part of its normalization.

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