Central Bank of the Republic of Turkey (CBRT) Investor Meeting
Deputy Governor of the Central Bank of the Republic of Turkey (CBRT) Dr. Cevdet Akçay attended the investor meetings held in Istanbul together with Minister of Treasury and Finance Mehmet Şimşek and TCMB Governor Fatih Karahan. Akçay gave a presentation titled “Banking Sector and Macroprudential Framework” at JPMorgan’s investor meeting.
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Headlines from Akçay’s Presentation:
- Effects of high inflation on the economy
- Changes in TL deposits
- The relationship between TL liquidity needs and deposit rates
- The situation and its effects in foreign exchange markets
- Loan growth trends of banks
| Detail | Descriptions |
|---|---|
| Change in TL Deposits | It was stated that depositors switched from Currency Protected Deposits (CCD) to TL with lower interest rates. It was emphasized that there was an increase in TL deposit maturities. |
| TL Liquidity and Deposit Relationship | It was stated that there is a positive correlation between the Turkish Lira liquidity need and deposit interests and that the share of TL deposits is increasing. |
| Foreign Exchange Markets | It was stated that deepening in the foreign exchange market led to more volatility and lower risk premiums. |
| Banks’ Credit Trends | It was stated that improving exchange rate expectations and increasing foreign exchange liquidity caused banks to provide more short-term foreign exchange loans. |
In his presentation, Akçay stated that banks’ access to long-term market financing improved in 2024 and net interest margins recovered. It was also shared that consumer credit growth weakened and the problem loan ratio was below historical levels.
