BDDK Credit Regulation: Removal of Foreign Currency Asset Limit for Independent Audit Companies

The Banking Regulation and Supervision Agency (BDDK) has lifted the foreign currency asset limit for independent audit companies in the use of TL credits. As part of the coordinated macro-prudential simplification measures aimed at strengthening financial stability and ensuring the effective functioning of the credit system, the BDDK has made credit regulations for independent audit companies. Accordingly, the foreign currency asset limit in the use of TL credits for independent audit companies has been removed. Previously, under the regulations, independent audit companies exceeding certain ratios of foreign currency assets were restricted from accessing TL credits. When companies exceeded these thresholds and still obtained credit, their credit access was limited, and they could borrow at a risk weight of 500 percent. With the recent decision, independent audit companies will now be able to access TL credits without considering their foreign currency asset positions.