A partial step back was taken in the regulations, which was one of the steps taken by the Central Bank to encourage banks to return to TL deposits within the framework of the liraization strategy. Previously, banks that were below a certain TL deposit rate were required to issue low-interest securities. However, with a new regulation published in the Official Gazette, there was a softening in this obligation. After the decision, the shares of the banking index rose in the first transactions today, while the positive atmosphere prevailed in the stock market.
Although the CBRT’s 70 percent liraization target is preserved, the additional load limit of banks that are below 70 percent is reduced from 60 percent to 57 percent, and this situation also reduces the burden of establishing low-interest securities for banks that fail to meet their liraization target. It caused the banking index to start the day 4 percent higher on the day.
While Garanti rose by 4.39 percent and Akbank by 4.19 percent, the positive mood in the banking index also affected Borsa Istanbul in general. As of 10:10, the BIST-100 index was traded at 5,662 with an increase of 1.40, while the shares that rose the most in the index, excluding banking, were ASUZU and BRYAT with 4.50 percent.
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