Additional required reserve for banks that cannot meet the 60% TL share in deposits

An additional 5 points of foreign currency required reserve requirement will be applied to banks whose share of TL in total deposits is below 60 percent The amendments made to the CBRT Communiqué on Securities Facility and Required Reserves were published in the Official Gazette. Securities liabilities regarding TL share in banks’ balance sheets have been rearranged. According to the amendments, a 5 and 7 point reduction will be applied for banks whose TL share in their balance sheets is above 60 percent and 70 percent. For banks whose TL share in their balance sheets is below 60 percent, the securities liability which was previously 3 points was increased to 7. The rate was applied as 8 points for banks whose rate is below 50 percent. Changes to the required reserves communiqué from the CBRT The Central Bank also made regulations regarding the conversion rates of banks from FX to TL. For banks whose quarterly TL conversion rate falls below the specified threshold, a security liability of 5 percent of the deposit in the denominator of the conversion rate will be applied.