The BRSA said that commercial cash loans, excluding agriculture, export and investment loans and loans to small and medium-sized companies, will have a risk weight of 200%.

·        The rate previously varied between 20% and 150%, depending on the customer's credit rating.

·        The rule will apply to credits made after May 1st.

·        Lenders will use the central bank buying rate as of 31 December 2021 when calculating their capital adequacy ratios. In the old application, it was possible to use the simple arithmetic average of the Central Bank's foreign exchange buying rates for the last 252 business days as of 31.12.2021.

·        The annual income limit to be classified as SME was determined as 250 million lira ($17 million).

Economic institutions, especially the Central Bank and the BRSA, have been developing the latest regulations in line with the liraization strategy. In the regulations on commercial loans, the general perspective is to observe the increase in the weight of the lira used in trade. On the loans side, it is foreseen that some of the risks that can be carried on the banks will be mitigated due to the latest required reserve implementation. In the CAR calculation, when the reference is shifted from the application of the last 252 days to the date of 31.12.2021, it should be read as a regulation need according to the liraization strategy in order not to create a negative impact on commercial loans. As it is known, at the beginning of this week, the Central Bank introduced required reserves on the asset side of banks' balance sheets and subject commercial loans to RR, except for some loan types.

In the regulations for commercial loans, it is required that the loans that are requested to go to investment and export are directed correctly and that it does not cause an additional inflationary pressure on foreign currency. Exporting companies already have a natural demand for foreign currency, and it is very likely that 40% of their FX revenues, which they have to bring to the Central Bank, will turn to foreign currency again. It is possible for the revenues converted into TRY to turn to dollars in re-export and import-oriented businesses within the trade cycle, especially in the purchase of raw materials. The general perspective is developing within the scope of the big liraization strategy in terms of risk assessment criteria parallel to the previous RR step, at the point where commercial loans are not directed towards dollars.

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