Turkey's BDDK tightens savings‑finance rules as banking sector expands

The Banking Regulation and Supervision Agency (BDDK) issued new directives for the savings‑finance sector, raising the maximum early‑delivery rate from 40 % to 45 % and extending the permissible period from 150 to 180 days. The rules also require the smallest installment in a payment plan to be at least one‑third of the largest installment and set monthly contract‑size caps based on the company’s total contract volume.

In the same weekly bulletin, the agency reported that total credit in the Turkish banking system grew to 26.537 trillion lira and deposits rose to 30.268 trillion lira as of 26 June. Consumer loans reached 3.371 trillion lira, while the KKM reserve slipped by 5.6 million lira to 244.2 million lira.