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The Banking Regulatory and Supervisory Authority ("BRSA"), with its decision No. 9271 dated November 24, 2020, decided to terminate asset ratio calculations as of December 31, 2020.
The Banking Regulatory and Supervisory Authority
("BRSA"), with its decision No. 9271
dated November 24, 2020, decided to terminate asset ratio
calculations as of December 31, 2020.
What Does the Decision Say?
Due to the adverse effects of the COVID-19 pandemic on global
markets, the BRSA decided to implement asset ratio calculations as
of May 2020 to ensure the effective use of bank resources. Over
time the BRSA softened the requirements in respect of the
calculation of the asset ratio by reference to the normalization
process.
As part of the normalization process, the BRSA now decided to
repeal asset ratio obligation as of December 31, 2020.
Conclusion
The BRSA aims to control loan growth as another step towards
normalization by terminating asset ratio obligation.
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