With the statement made by the BRSA (Banking Regulation and Supervision Agency) last June, a new regulation called the commercial loan usage condition entered our lives. Today, after the Central Bank’s decision to cut interest rates, the rules were changed.
New regulation from the BRSA to the commercial loan usage condition!
With the commercial loan usage condition introduced by the BRSA in June, companies subject to independent auditing, excluding banks and financial institutions, had to keep their foreign currency assets not exceeding 15 million TL after the use of loans, if the equivalent of their foreign currency assets was not above 15 million TL.
In other words, he was asked not to buy the foreign currency that he predicted to increase with the loan taken. According to the information released today, this limit has been reduced from 15 million TL to 10 million TL. In addition, the credit limit applied to companies whose cash position exceeds 10 percent, whichever is greater than their total assets or 1-year net sales revenue, has been reduced to 5 percent. For this reason, declarations and commitments will be taken from customers again as of November 1st.
Published in the Official Gazette! Social Media Act is officially in effect
The Social Media Law was also included in the Official Gazette published today. However, the 40-article law entered into force.
News is updating…