07.08.2026 18:01
The BDDK made it mandatory for savings finance companies to evaluate their funds in risk-free areas, updated high-value contract limits, and introduced regulations to prevent risk concentration. The new rules will take effect as of October 1st.
The Banking Regulation and Supervision Agency (BRSA) tightened the rules regarding the evaluation of funds in savings finance companies, updated high-amount contract limits, and introduced regulations to prevent risk concentration.
According to the instruction sent by the institution to the Financial Institutions Association Presidency, the areas where funds accumulated in savings fund pools and company accounts can be evaluated were restricted, aiming to prevent investments in risky assets and to ensure these resources are evaluated in relatively risk-free assets that can be quickly liquidated.
PRUDENT RESTRICTIONS INTRODUCED
Accordingly, savings finance companies can only evaluate these assets in Turkish lira denominated special current accounts or participation accounts to be opened at participation banks, in Turkish lira denominated domestic lease certificates (sukuk) issued by the Ministry of Treasury and Finance that are not gold-based, or in participation-based investment funds issued in Turkish lira with a risk rating of 1 or 2. More prudent restrictions have been introduced for both savings fund pools and company accounts.
NEW RULES FOR HIGH-AMOUNT CONTRACTS
In order to limit the amounts remaining without profit in savings fund pools, it was decided that the daily non-yielding balance should not exceed 0.2 per thousand of the company's savings fund pool calculated as of the end of the previous month. It was stated that amounts transferred to the pool after the closing hour of the Central Bank of the Republic of Turkey (CBRT) Electronic Fund Transfer (EFT) system will be included in the calculation the next day.
Limits for high-amount contracts were also increased. The threshold for contracts to be considered 'high-amount' was raised from 2,509,800 Turkish liras to 5 million Turkish liras, and for housing or roofed workplace financing contracts, from 6,274,500 Turkish liras to 12.5 million Turkish liras.
Additionally, the ratio of the total amount of high-amount contracts to the total contract amount in the relevant period was limited to 5 percent. However, for companies established after January 1, 2025, a gradual transition was envisaged, with this ratio set to be applied as 15 percent until June 30, 2027, and 10 percent for the period of July 1-December 31, 2027.
CREDIT LIMITS UPDATED
With the board decision, the number of contracts that can be made with a real or legal person or parties in the same risk group was also limited to prevent risk concentration. In this context, a person can sign a maximum of two contracts with the same savings finance company, including at most one vehicle and one housing or roofed workplace financing contract.
The decision also updated the contract amount limits on a per person or risk group basis. The maximum contract amount for vehicle financing was increased to 6.25 million Turkish liras, and for housing or roofed workplace financing, it was increased to 62.5 million Turkish liras. The total amount of all contracts belonging to a person or risk group was also limited to 62.5 million Turkish liras.
While the BRSA provided a transition period for companies to ensure compliance with these regulations, it stated that the new rules will be implemented as of October 1.