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Economic news

Turkey reduces bank limit

12/10/2022

Less than a minute

2022.12.10 02:37

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Turkish watchdog cuts banks' forex to capital ratio limit
Turkey reduces bank limit

Budrigannews.com – The foreign currency net position to standard capital ratio for banks has been set at a maximum of 5% by Turkey’s BDDK banking watchdog, according to a regulation that was published in the country’s official gazette on Saturday.

It stated that the amendment takes effect on January 9.

According to the Anadolu state news agency, the most recent change to the regulation was in 2014, when it was set at a maximum of 20%.