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ARTICLE · 28 SEPTEMBER 2022

Updates To Banking Fees

Esin Attorney Partnership
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The Central Bank of Turkey ("CBRT"), amended the Communiqué No. 2020/4 on the Procedures and Principles Regarding Fees that Banks Can Charge Corporate Clients (the "Communiqué").

TurkeyFinance and Banking
Muhsin Keskin
Muhsin Keskin
Büşra Cavas
Büşra Cavas
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Recent Development

The Central Bank of Turkey ("CBRT"), amended the Communiqué No. 2020/4 on the Procedures and Principles Regarding Fees that Banks Can Charge Corporate Clients (the "Communiqué"). The amendments entered into force through their publication in the Official Gazette dated 23 September 2022. The CBRT also updated the Guidelines for Fees That Banks Can Charge Corporate Clients in line with the amendments to the Communiqué.

What's New?

Loans:

  • The commitment fee will not exceed 0.25% of the committed loan limit for the first limit allocation, and 0.125% of the renewed limit for limit renewals.
  • The upper limit for utilization fees for loans will continue to be 1.1% of the disbursed loans, except for revolving loans.

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