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The CBRT introduced some exemptions to loans for the reconstruction of the disaster area

The CBRT granted some exemptions in the loans to be used until the end of August to those who will carry out activities aimed at the reconstruction of the earthquake zone.

The CBRT introduced some exemptions to loans for the reconstruction of the disaster area

The CBRT has recognized some exemptions by making changes to the mandatory provisions and securities facility regulations for loans to be used by the end of August for those who will carry out activities aimed at the reconstruction of the earthquake zone.

In the document sent by the CBRT to banks yesterday, it also added loans to be given to those who are not located in the earthquake zone and are damaged due to commercial relations in order to reduce the economic and financial effects of earthquakes.

In the related article, it was stated that exemptions are granted to those who are not resident in the earthquake zone, but have commercial relations with the residents of the earthquake zone and document that they have suffered damage due to the earthquake, and those who will carry out activities to meet the shelter needs of those affected by the earthquake or to reconstruct the infrastructure and superstructure in the earthquake zone.

Thus, a change has been made in the application of securities and compulsory provision facility to support the loans to be used by banks and financing companies for the related loans until 31.08.2023.

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