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Turkey Revises Required Reserve Rule to Help Boost Loan Growth

Turkey Revises Required Reserve Rule to Help Boost Loan Growth

The Turkish central bank will allow lenders with real loan growth rates of more than 15% to hold fewer reserves through the end of the year.

The policy maker temporarily suspended a rule that barred these banks from taking advantage of the incentive, it said in a statement on its website on Saturday.

The decision was taken to “provide banks with flexibility in meeting loan demand specific to this period,” it said.

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