The Central Bank added the loans used through SME subsidiaries to the scope of security facility. In practice, some companies began to provide loans through their subsidiaries.
The Central Bank added the loans used through the SME subsidiaries of companies to the scope of security facility.
According to the letter sent by the CBRT to the banks, which was also seen by Reuters, in order for the related loans to be considered as SME loans, “the condition that all businesses in the same risk group as the enterprise also have the qualification of SME” was introduced.
The CBRT also made the relevant change in the implementation instruction regarding the establishment of securities.
Recently, companies complain that their access to loans is restricted with changes such as against spending. However, these companies started to provide these loans in practice through their subsidiaries.
Bankers pointed out that these loans, which have been used more frequently in the market recently, will come to a standstill as these loans will also create bond liabilities after this regulation.