CBRT Makes Changes to Required Reserves Regulation

The Central Bank of the Republic of Turkey (CBRT) has made regulations regarding Required Reserves with a new Communiqué published in the Official Gazette. With the changes made, the term "deposits/participation funds" was added to the first paragraph of the temporary Article 14 of the Communiqué on Required Reserves published in the Official Gazette dated December 25, 2013, number 28862, excluding deposits and participation funds belonging to foreign banks.

At the same time, the phrase "from 6 months" in the paragraph has been changed to "from 1 year," and the date "20/12/2024" has been revised to "19/12/2025." In addition, a new paragraph has been added to the relevant article, stating that the obligations excluded from the scope of the article by the newly established Communiqué will continue to be considered according to the calculation method determined by the Central Bank until the end of their maturities.

The Communiqué will take effect on December 21, 2024.

According to the new regulation, changes will come into force on December 21, 2024, and the President of the Central Bank of the Republic of Turkey will be responsible for the implementation of the provisions of this Communiqué. This regulation is seen as one of the steps towards achieving a new balance in the required reserves policy, which is critically important for banks' capital adequacy and liquidity management. Required reserve ratios are significant for the banking system and the effectiveness of monetary policy, and the changes aim to enable banks to evaluate their capital structures more flexibly and effectively. In this context, the amendment to the communiqué published in the Official Gazette is being closely monitored by the sector.