As part of the exit strategy from the Corporate Deposit Insurance (KKM) accounts, the account opening and renewal transactions for legal entities have been terminated.

In a statement from the CBRT, it was stated that “CBRT has decided to terminate the account opening and renewal transactions of legal entities in all KKM accounts (including YUVAM accounts) as of February 15, 2025.” The statement also noted that the goals related to transitioning and renewing legal entity KKM accounts to TL have been removed.

DECREASE IN KKM BALANCES CONTINUES

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the KKM balance decreased by 3% last week, with a decrease of 30 billion 168 million TL, reaching 966 billion 22 million TL. Thus, the size of KKM accounts became 5.02% of total deposits.