25.12.2025 09:00
The duration of the financial restructuring mechanism applied to loans granted to companies under the Banking Law has been extended by 2 more years. The presidential decision has been published in the Official Gazette and has come into effect, stating that the regulation will be valid as of December 28 and will allow companies to restructure their loan debts for an additional 2 years.
The duration of the financial restructuring mechanism applied to loans used by companies under the Banking Law has been extended for another two years. The presidential decision was published in today's Official Gazette and has come into effect.
WILL START FROM DECEMBER 28
According to the decision, the financial restructuring practice carried out within the framework of Article 32 of the Banking Law will continue for two years starting from December 28. The regulation aims to enable debtors to fulfill their repayment obligations and to sustain their contributions to employment.
LOANS CAN BE RESTRUCTURED
In this context, the loans used by companies can be restructured together with other debtors in their risk group or partially. The procedures and principles regarding financial restructuring are determined by the framework agreements prepared in accordance with the regulations issued by the Banking Regulation and Supervision Agency (BRSA).
EXTENSION OF DURATION
It was planned for the application to be valid for two years from the date it was first published. With the new decision, the mechanism, which is critically important for companies facing financial difficulties, will remain in effect for another two years.