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Turkiye: Number of people default on loan, card payments falls in 2023
The number of people with unpaid consumer loans and credit card payments declined by 11.6 percent last year from 2022…
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Central Bank Increases Interest Rates for Credit Card Cash Advance Withdrawals and Overdraft Accounts
The Central Bank continues its tightening steps before the interest rate decision to be announced on Thursday. The bank recently…
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Turkish Individual Credit Card Borrowings Surge by 153%
Total individual credit card borrowings, which were ₺503 billion 226 in the eighth week of 2023, increased by 153% to…
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Turkiye: Credit Card Cash Advance Interest Rate Raised to 5%
The interest rate for cash advance withdrawals by credit card increased from 4.42% to 5%. Within the scope of additional…
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CBRT: Credit Card Cash Advance Installment Duration Cut from 12 to 3 Months
As of this week, the number of credit card cash advance installments of some banks decreased from 12 months to…
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Turkiye: Credit card and debit card expenditures increased by 15% on a weekly basis
According to Central Bank data, credit card and debit card expenditures increased by 15% on a weekly basis in the…
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Turkiye: Retailers worried about possible curbs on credit card spending
Retailer organizations have voiced concern that their businesses would be hugely affected if some harsh measures are introduced to curb…
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Did the Central Bank change credit card interest rates?
The Central Bank left the policy rate constant at 45% and the 8-month interest rate increase cycle ended. CBRT did…
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Turkiye: The credit volume of the banking sector was ₺11 trillion 630 billion last week
The credit volume of the banking sector increased by ₺150 billion 797 million last week, reaching ₺11 trillion 630 billion…
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Decline in the Number of Individuals in Legal Proceedings Due to Personal Loans or Credit Card Debts
The number of individuals who have entered legal proceedings due to personal loans or credit card debts has decreased. According…
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