After the economic measures, loan rates started to rise sharply!


According to information provided by banking sources, some public banks have raised the maximum limit for the use of mortgages used for housing. to 150,000 TL lowered it. Similarly, measures are taken to reduce the disbursement of the loan by applying the loan amount in the branch and the number of the loan in public banks.

In private banks, interest on deposits and loans has risen even more, which for some time has risen due to the cost of the measures adopted by the economic administration on loans.

While interest on TL deposits, which is reflected in rising costs, is moving towards 25%, the interest rate, which was 5% on dollar deposits in the previous months, has risen above 6, 5% in some banks, while this rate has approached 5%. in euro deposits. Individual and commercial lending rates continue to rise in the industry.


Bankers draw attention to the fact that the growth rate of consumer loans reached 60% at the end of June, from 30% at the end of April, when the adjusted 13-week exchange rate data is analyzed.

Over the same period, the growth rate of commercial loans fell from 55 percent to 40 percent.

In the government’s economic policies, in order to reduce the current account deficit, employment-oriented and export-oriented business loans are encouraged. However, people who are unable to hold their TL value due to the low interest policy prefer to use high loans to stimulate domestic consumption.

Unlike the expected growth in lending, the excessive acceleration trend of individual lending in a context of high inflation was recently attempted by public banks in parallel with the BRSA’s moves.

An elderly banker with knowledge of the subject, “Some public banks have reduced the maximum limit for home loans to 150,000 TL. Others provide a maximum of 500,000 TL for home loans.” said and added:

“There is also a shortage of liquidity in banks. After the latest CBRT regulations, the increase in the banks’ fixed rate GDDS portfolios caused a liquidity squeeze. The rise in the Turkish lira has a big impact on the rise. of deposit rates, “he said. She said.

Public banks have not commented on the matter.

Although the CBRT has taken steps to hold fixed coupon TL bonds against foreign currency deposits as part of the “liraization”, it has further strengthened measures to increase TL’s weight in the collateral system. These steps have led to banks obtaining huge amounts of long-term fixed coupon bonds and liquidity has shifted to this area.

Another banker said: “Due to inflation, individuals turned to credit-based domestic consumption. Interest rates were gradually increasing, but when the inflation rate was 80% and the interest rate on loans was 30%, we have seen a serious explosion in demand for all loans, especially individual loans, in the past three months. Costs have been increased with BRSA decisions. “

While the BRSA reduced the maturity limit for consumer loans above TL 100,000 from 24 months to 12 months, it raised the minimum credit card payment amounts in early June for large amounts. In addition, the use of home loan loans worth more than TL 10 million has been banned and value limits have been set.



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