BDDK Prepares for a Change in its Asset Ratio

BDDK Prepares for a Change in its Asset Ratio BDDK prepares for a change in its asset ratio. It was stated that the BDDK is preparing for a new revision in its asset ratio in order to increase the attraction of Turkish Lira deposits. The Banking Regulation and Supervision Agency (BDDK) is preparing to revise its Asset Ratio in order to increase the deposit rates of banks more easily after the Central Bank raises the policy rate. According to the statements made to Bloomberg by three sources knowledgeable about the subject, the change will be published shortly. The increase in the Turkish lira deposits, which is in the denominator of the Asset Ratio formula, decreases the banks' appetite to increase TL deposits as it decreases the 90 percent rate that banks have to hold and forces them to give more loans. With the revision in question, it is aimed for banks to increase their TL deposit rates more easily. According to the data announced by the CBRT, the average deposit interest applied by banks to TL deposits with three months maturity since 13 November was realized at the level of 13.19 percent.