The Banking Regulation and Supervision Agency (BRSA) has imposed limitations on the loans that development and investment banks can grant to individuals or groups, excluding Istanbul Settlement and Custody Bank Inc. and Provincial Bank Inc. BRSA defined the credit limit ratios that development and investment banks can offer. In the statement made by the BRSA regarding the issue, the following information was provided: “Based on Article 43 of Law No. 5411 on Banking, and Articles 77 and 93, as well as the Regulation on Determination of Risk Groups and Credit Limits published in the Official Gazette dated 21/12/2023, the leverage ratios equivalent to the levels specified in the table below must not exceed the ratio of the total risk amount of loans that development and investment banks can grant to individuals or risk groups to their core capital amounts, except for Istanbul Settlement and Custody Bank Inc. and Provincial Bank Inc., on a consolidated and non-consolidated basis. For development and investment banks established after 01/01/2020, with a leverage ratio of ten percent or higher calculated on a non-consolidated basis for month-ends, a five-point reduction in the credit limit ratios specified in the first paragraph will be applied for five years from the date of obtaining the operating license. The implementation of the provisions concerning the mentioned limits, determination of risk groups, calculation of risk amounts, transactions not subject to credit limits, reporting of credit limits, non-compliance with the limits, and rectification of exceedances as stated in the Regulation will be disclosed. In cases of exceeding the limits due to reasons beyond the bank’s control, except for the fourth paragraph of Article 16 of the Regulation, the excess amounts will be rectified within a period determined by the Agency, and no administrative fines will be imposed on the bank during this period. Long-term project or investment loans with a duration exceeding three years and shares acquired for the purpose of providing financing, excluding loans granted by banks to the risk groups they are involved in, will not be subject to credit limitations under this Decision. In cases of exceeding the limits mentioned in the first paragraph as of the effective date of this Decision, these exceedance amounts will be rectified by thirty-one percent by 31/12/2025, sixty percent by 31/12/2027, and one hundred percent by 31/12/2028. In cases of exceeding the limits mentioned in the second paragraph, these exceedances must be rectified within one year. The authority to extend these periods and change exemptions rests with the Presidency. It was decided to announce this Decision to the Establishment Associations and publish it on the Institution’s website.”