The Banking Regulation and Supervision Agency (BDDK) has warned that individual or corporate customers should not subject loans made in Turkish Lira to transactions contrary to their purpose.
The exchange rate also gained momentum as the Central Bank cut the interest rate by 100 basis points to 14 percent. The Banking Regulation and Supervision Agency made a statement on this development and issued a statement to individual or corporate customers in Turkish Lira. transactions contrary to the purpose of the credits. He stated that repairs were given to ensure the necessary controls not to be discussed.
In addition, about the anomalies detected administrative procedures will be established. was also stated. The BRSA had previously warned banks that it is necessary to carry out frequent checks to ensure that banks do not carry out transactions contrary to the purpose of using credit.
BRSA’s statement: “Necessary administrative actions are taken regarding the detected violations”
In the entire statement made by the BRSA,Our Agency has instructed the institutions under its supervision and control to establish the necessary controls at the maximum level so that the loans extended to individual or legal customers in Turkish Lira are not subject to transactions contrary to their purpose. Within the scope of our instructions necessary reviews and assessments It continues and the necessary administrative actions are taken regarding the detected violations.” was included.
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