Downtown Seismic Zone Loan Waiver
The Central Bank (CBRT) has made some exemptions by making changes to the legal reserve regulations and constitution of values in the loans that will be extended until the end of August to those who will carry out activities for the reconstruction of the earthquake zone.
In the document sent yesterday by the CBRT to the banks and seen by Reuters, he added the loans that will be given to those who were not in the earthquake zone but were damaged by trade relations in order to reduce the economic and financial effects of the earthquake. . tremors.
WHO HAS BEEN EXEMPTED?
In the related article, even if it is not located in the earthquake zone; It was indicated that exemptions are granted to those who have commercial relations with the residents of the earthquake zone and document that they have suffered damages due to the earthquake, and who will carry out activities to meet the housing needs of those affected by the earthquake. or to rebuild the infrastructure and superstructure in the earthquake zone.
Thus, the practice of establishing guarantees and mandatory reserves was modified to support loans to be granted by banks and finance companies until August 31, 2023 for related loans. (Reuters)
Source: Sozcu
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