As a result of the meeting of the Banking Regulation and Supervision Board held on 07.02.2023, in accordance with the sixth paragraph of Article 12/A of the Regulation on Credit Transactions of Banks, the fifth paragraph of Article 11/A of the Regulation on the Establishment and Operating Principles of Financial Leasing, Factoring and Financing Companies and the seventh paragraph of Article 26 of the Regulation on Bank Cards and Credit Cards, due to the earthquake disaster affecting the provinces of Kahramanmaraş, Adana, Adıyaman, Diyarbakır, Hatay, Gaziantep, Kilis, Malatya, Osmaniye and Şanlıurfa; the Banking Regulation and Supervision Board Decision No. 10503 dated 07.02.2023 was taken to be effective as of 06. 02.02.2023, the Banking Regulation and Supervision Board Decision dated 07.02.2023 and numbered 10503 was taken to be valid as of 06.02.2023.

As a result of the meeting of the Banking Regulation and Supervision Board held on 07.02.2023, in accordance with the sixth paragraph of Article 12/A of the Regulation on Credit Transactions of Banks, the fifth paragraph of Article 11/A of the Regulation on the Establishment and Operating Principles of Financial Leasing, Factoring and Financing Companies and the seventh paragraph of Article 26 of the Regulation on Bank Cards and Credit Cards, due to the earthquake disaster affecting the provinces of Kahramanmaraş, Adana, Adıyaman, Diyarbakır, Hatay, Gaziantep, Kilis, Malatya, Osmaniye and Şanlıurfa; the Banking Regulation and Supervision Board Decision No. 10503 dated 07.02.2023 was taken to be effective as of 06. 02.02.2023, the Banking Regulation and Supervision Board Decision dated 07.02.2023 and numbered 10503 was taken to be valid as of 06.02.2023.

Pursuant to the relevant decision, for a period of 6 months in the provinces in the earthquake/disaster zone (Adana, Adıyaman, Diyarbakır, Hatay, Gaziantep, Kahramanmaraş, Kilis, Malatya, Osmaniye, Şanlıurfa); 

·        The maturities of the loans to be newly extended or restructured to the residents within the scope of the Regulation on Banks' Credit Transactions in that region may be determined by the banks, including the application of grace periods, without being subject to the periods determined by the Banking Regulation and Supervision Agency pursuant to the third paragraph of Article 12/A titled "Limitations on housing, vehicle and consumer loans" and the sixth paragraph of the same Article.

 

·        Within the scope of the Regulation on the Establishment and Operating Principles of Financial Leasing, Factoring and Financing Companies, the maturities of loans to be newly extended or restructured to residents in that region may be determined by the companies, including the application of grace periods, without being subject to the periods determined by the Board pursuant to the second paragraph of Article 11/A titled "Limitations on vehicle and consumer loans" and the fifth paragraph of the same Article.

 

·        In the sales of goods and services to be realized with credit cards within the scope of the Regulation on Bank Cards and Credit Cards by established member merchants, the installment periods for credit cards determined by the Board decision pursuant to the seventh paragraph of Article 26 of the same Regulation will be increased up to one times.