It was stated that the Central Bank of the Republic of Turkey (CBRT) asked the banks to end the practices that increase the costs of commercial loans by indirectly circumventing the regulations. The CBRT also stated that the practices are “not common” across the industry. In the letter sent to the banks, the CBRT said that if the implementations are continued, “there may be a need to make additional regulations within the framework of preventing overcharges and increasing predictability and transparency.”
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