Statement from the Central Bank on ‘macroprudential measures’

In the written statement made by the Central Bank of the Republic of Turkey, it was said:

* “As a result of the Liralization Strategy implemented by the Central Bank, banks in general reached the goal of 50 percent in deposits, which was announced in 2022.

* In the Monetary Policy and Price Strategy for 2023, the target of TL increase in deposits for the first half of the year was determined at 60 percent and shared with the public.

* In this context, as of February 24, 2023, in the implementation of the establishment of values; The securities constitution fee has been increased from 5 percent to 10 percent. It has been decided to apply a discount to banks that exceed the target of 60 percent on shares in Turkish lira for natural and legal persons.’

* Consequently, the lower of the mentioned indices; A discount of 5 points will be made for banks that are between 60 percent (inclusive) and 70 percent, and 7 points for banks that are above 70 percent.

On the other hand, the additional fees previously determined for banks whose shares in Turkish lira are below the 60% target will continue to apply, adding them to the value establishment fee. (DHA)