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Turkey savings finance regulation reforms

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-08 09:19 UTC → 2026-08-09 09:59 UTC · added removed

In July 2026, Turkey’s Financial Institutions Union approved new professional standards for savings‑finance companies, mandating branch hours 09:00‑18:00, with a possible extension to 20:00, and requiring closure after that time. 20:00. The rule was signed by FKB leaders and reported to the Ministry of Interior and the Banking Regulation and Supervision Agency (BDDK) to improve discipline. In (BDDK). By early August 2026, Turkey reported a significant surge in household debt, with consumer loans and credit card balances exceeding 6.8 trillion TL as of July 31. The number of individual borrowers reached 44.3 million, with an average debt of 155,000 TL per person. Rising living costs have led citizens to use credit to manage existing debts, contributing to a nine-year high in consumer loan non-performing rates at 6.1%. In response, the regulator announced BDDK introduced the “Evim” system, limiting system and a set of comprehensive regulations effective 1 October 2026. These rules limit individuals to one vehicle‑financing vehicle-financing contract (capped at 6.25 million TL) and one housing or commercial‑property contract, with caps of 6.25 million TL for vehicles and commercial-property contract (capped at 62.5 million TL for property (or a combined total of 62.5 TL, with specific thresholds raised to 12.5 million TL). Existing service‑fee rates and repayment terms remained unchanged. Later in August, BDDK issued a comprehensive set of regulations TL for the savings‑finance sector. Companies housing/offices). To mitigate risk, companies may only invest pool and company‑account funds only in low‑risk, low-risk, liquid assets such as TL special current or participation accounts at participation banks, non‑gold‑backed accounts, non-gold-backed domestic sukuk, and TL‑denominated participation funds rated 1 or 2. Daily non‑earning balances in fund pools are limited to 0.2 % of the previous month’s pool size, and transfers after the Central Bank’s EFT cutoff specific TL-denominated participation funds. Additionally, high-value contracts are processed the next day. High‑value contract thresholds were raised subject to 5 million TL overall and 12.5 million TL for housing or office‑building financing, with a ceiling that high‑value contracts may not exceed 5 % strict concentration limits, starting at 5% of all contracts (phasing and phasing up to 15 % 15% by June 2027 and 10 % 10% by end‑2027). The same two‑contract‑per‑client limit and monetary caps apply, and the rules take effect on 1 October 2026. end of 2027.

Versions

  1. 2026-08-09 09:59 UTC Turkey savings finance regulation reforms
  2. 2026-08-08 09:19 UTC Turkey savings finance regulation reforms
  3. 2026-08-07 11:55 UTC Turkey savings finance regulation reforms

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