Financial Stability Committee: Critical Discussions on Housing Loans

Financial Stability Committee Meeting Held

Chaired by Minister of Treasury and Finance Mehmet Şimşek, the Financial Stability Committee convened to assess the macroeconomic outlook for the world and Turkey. The meeting focused particularly on recent developments in financial markets.

Limitations on Housing Loans Addressed

One of the key issues raised by the Committee was the general condition of the banking sector and credit limitations for home buyers. In this context, discussions were held on future steps, particularly emphasizing housing loans for the first time.

Non-Bank Financial Institutions Reviewed

Additionally, discussions were held regarding the compliance levels of non-bank financial institutions with the macroprudential framework. The current situation regarding credit deposit accounts, credit commission fees, and credit cards was also comprehensively addressed.

Importance of Financial Stability Emphasized

In the statements, it was stated, “The Committee continues its work with a holistic approach to preserve financial stability, which is one of the key elements of balanced and sustainable growth.”