Turkey:
BRSA Abolished The Obligation Of Banks To Calculate Their Active Ratio
02 December 2020
Sadık & Çapan
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On 24 November 2020, with its decision numbered 9271, Banking
Regulation and Supervision Agency
("BRSA"), has removed the obligation of
Turkish banks to calculate their active ratio on a weekly basis
which has been in effect since 1 May 2020 for the purpose of
mitigating the negative impact of Covid-19 pandemic to the economy
and the markets and incentivizing the banks to extend loans and use
their resources more efficiently. Accordingly, all the decisions of
BRSA taken regarding calculation of active ratio, dated 18 April
2020 and numbered 9000, dated 30 April 2020 and numbered 9003,
dated 29 May 2020 and numbered 9042, dated 10 August 2020 and
numbered 9125, dated 28 September 2020 and numbered 9170, dated 26
October 2020 and numbered 9238, are abolished, which will take
effect from 31 December 2020.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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