Rate cuts to improve solvency of real sector, increase loan volume in 2020

The rebalancing in the economy and the increase in the ability of the real sector to regulate cash flows promise to make the functioning of the financial system more effective in the coming period

A trend of dropping interest levels that came combined with rebalancing into the Turkish economy in 2019 has assisted funding conditions regarding the real sector improve – a predicament that is believed to have created a basis which will fortify the solvency regarding the businesses and bring a rise along in loan amount and a fall in non-performing loan ratio in 2020.

Within an economically and period that is economically turbulent kicked off into the last half of 2018 and stretched in to the first 50 % of 2019, the Turkish economy had been battered by money volatility, high inflation and high interest levels, causing tumbling domestic need from consumers and investors.

But, the economy began rebalancing and joined a promising era of development in the next quarter of a year ago, that has been favorably reflected into the ratios associated with the genuine sector together with sector that is financial.

The Central Bank for the Republic of Turkey (CBRT) started aggressively reducing prices in July 2019 after having raised the rate that is key 24per cent in September 2018 when confronted with increasing inflation.

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