Last minute … limited TL transactions that banks can do with overseas banks

In a written statement made by BRSA, “As is known, the use of TL resources in the efficient and predominantly financial needs of the public and private sectors has gained importance in a period when economic activity has slowed due to the global outbreak of COVID -19, and the real sector has difficulties in terms of production and employment. ” .

The following statements were included in the continuation of the statement, which stated that a certain limitation was introduced;

* Extraordinary conditions related to the outbreak of COVID-19 with the Banking Regulations and the Decision of the Supervisory Agency No. 9010 of 05.05.2020
be applied until it disappears;

– TL placements that banks will make to financial institutions residing abroad, including subsidiaries that are in the nature of a consolidated credit institution and a foreign financial institution and branches abroad, TL deposits, TL loans and TL loans, the banks most recent legal capital is 0.5%. be limited to,

– Daily calculation of said rate individually

– It has been decided not to carry out any new transaction until the existing excesses are eliminated and not to renew expired transactions of this nature.

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