CBRT Announces Regulations for Earthquake Zones - Coinleaks
Current Date:September 21, 2024

CBRT Announces Regulations for Earthquake Zones

Central Bank of Turkey Republic ( CBT), announced new regulations for the provinces affected by the earthquake disaster.

CBT made statements about the earthquake disaster felt in Kahramanmaraş-centered and surrounding provinces. CBRT, for bank customers residing in earthquake zones He mentioned that credit will be facilitated . Referring to the loans that will be due within 6 months, the CBRT stated that these loans will be made in line with the request of the person. He stated that it could be delayed for 6 months. . Deferred loan for 6 months will not be held responsible for the establishment of securities and necessary provisions.added to his statements.

CBRT Refers to Facilitation of Loans for Earthquake Victims

CBTIn his statement, he said to the banks, ” securities and required reservesabout the regulations sent a notification letter.

In the letter sent to the banks, as of February 6, those residing in Adana, Adıyaman, Diyarbakır, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Osmaniye and Şanlıurfa. Loans that offer use to SMEsHe stated that he was not subject to the process of “document against use”.

CBTIn his letter to the banks, he made the following statements;

“In the event that the loans that are due in 6 months are delayed, it will not be responsible for the establishment of securities and necessary provisions for 6 months. The loan will continue to be subject to the establishment of securities in line with the interest/profit share rate. It is considered appropriate for financing companies to keep them separate from the required provision facility.

Banks Association of Turkey and Participation Banks Association of Turkey, in earthquake zones Bank customers who are exposed to economic losses and have difficulty in payingUpon their request, it announced the decision to postpone the maturity of the future debts within 6 months, from 8 February until the next 6 months.