Car Loan Statement from the Head of the BRSA

Mehmet Ali Akben, Chairman of the Banking Regulation and Supervision Agency (BDDK), made statements about vehicle loans and currency-protected TL deposit accounts. Stating that vehicle loans will be updated with domestic automobiles, Akben stated that the participation in foreign exchange-protected TL deposit accounts exceeded 290 billion TL.

The recent increases in exchange rates have deeply affected many sectors and caused prices to rise. Automotive sector was one of the areas affected by this situation. The depreciation of the TL, the problems experienced in worldwide production and high tax rates caused sales to decline.

For this reason, it was a matter of curiosity how the domestic car TOGG will affect the date and sales. In a news we shared with you today, Minister of Technology Mustafa Varank made statements about the domestic automobile and TOGG’s in the first quarter of 2023 We have stated that it will be commercially available. Now, a statement has come from the Banking Regulation and Supervision Agency (BDDK) about how the domestic automobile will affect the automotive loan.

Vehicle credits will be updated

BRSA President Mehmet Ali Akben, in a program he attended automotive loans made important statements about Expressing that there will be an increase in loans with the emergence of the domestic automobile, Akben used the following statements:Auto loan reissue will be updatedin the loan amount increment it will be.”

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Akben also spoke about currency protected TL deposit accounts. In his statements, the President noted that around 620,000 customers prefer currency-protected deposit accounts. 290 billion TL He stated that he had exceeded it. Noting that they expect loan interest rates to reach a reasonable rate, Akben added that the cost of deposits is not high.


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