Amendments To Banking Fees

AMENDMENTS TO BANKING FEES

A. INTRODUCTION

The Central Bank of the Republic of Türkiye (“CBRT”) amended the Communiqué No. 2020/4 on Procedures and Principles Regarding the Fees that Banks Can Charge Commercial Clients (“Communiqué”) with the Communiqué No. 2022/26 ("Amendment Communiqué") published in the Official Gazette No. 31962 on 23 September 2022. The full text of the Communiqué is available here.

In line with the amendments to the Communiqué, the CBRT also updated the Implementation Instructions on the Fees That Banks Can Charge Their Commercial Clients ("Implementation Instructions"). The full text of the Implementation Instructions is available here.

B. AMENDMENTS

The Amendment Communiqué amended the loan commitment fees and loan utilization fees that banks can charge their commercial clients, and the application areas of these fees. According to the amendments;