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2 clusters · 11 sources · 25 days · First seen · Last updated

Turkish financial regulatory and support measures

Overview

Turkey has implemented several financial measures and regulatory changes aimed at supporting exporters, small business owners, and the savings finance sector.

In early September, the government expanded Banking and Insurance Transactions Tax (BSMV) exemptions for rediscount credits. This expansion, intended to boost the competitiveness of exporters, now covers long-term credits from commercial banks and Türk Eximbank in addition to short-term options. The program also saw increased daily limits and a total budget of 1 billion USD.

By late September, new regulations were introduced to assist tradespeople with outstanding tax or social security debts through Treasury-supported loans. These loans allow for direct debt repayment from up to 25% of the approved amount. Concurrently, the Banking Regulation and Supervision Agency (BDDK) introduced restrictions on savings finance companies to mitigate risk, including limits on the number of active contracts per individual and new requirements for managing collected funds in low-risk assets.

Entities

Türk Eximbank · Ministry of Treasury and Finance · Central Bank of the Republic of Türkiye · Banking Regulation and Supervision Agency · Turkish Ministry of Trade

Timeline

  1. 1 day ago

    [BUSINESS] 5 sources
    Turkey implements new financial regulations for tradespeople and savings finance

    Turkey introduces new Treasury-supported loans for tradespeople with public debt and implements BDDK restrictions on savings finance contracts and fund management.

  2. 25 days ago

    [BUSINESS] 5 sources
    Turkey expands BSMV tax exemptions for rediscount credits

    Turkey has expanded BSMV tax exemptions for long-term rediscount credits to boost export financing and global competitiveness.

Sources

aydinses.com · batmanpusula.com · borsagundem.com · bursahakimiyet.com.tr · doviz.com · habermeydan.com · karar.com · trakyaolay.com · tv5.com.tr · yenialanya.com · yenisafak.com