Business

Turkiye: Credit facility from BRSA to companies

BRSA has brought document convenience to companies that will use credit. Companies that receive loans will be able to make their declarations after 3 months.

The regulation limiting the use of credit by companies with foreign currency assets was relaxed.

Companies will be able to obtain the documents to be given to banks by having the auditor approved by the certified public accountant.

In addition, credit will be provided to the company, which is obliged to provide documents to use credit, on the basis of the declaration.

Companies that receive loans will be able to submit documents confirming their statements after 3 months.

Credit card debts, supplier financing, direct debit system were excluded.

Source: Trthaber / Translated by Irem Yildiz

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