Vice President Cevdet Yilmaz, a new economic period covering the period 2025-2027 The Medium Term Program (MTP) was announced.
The updated OVP, which was published in the Official Gazette and entered into force, outlined the route for the next 3 years in the economy.
While inflation, growth and current account deficit targets were determined in the OVP, details regarding many topics were included.
The regulatory signal for credit cards attracted attention.
Credit card details in OVP
In the new period access to financetargets were also announced. It was stated that selective credit application will be applied to increase production capacity and support investments in the industrial sector.
It was stated in the program that the correspondence between credit card limits and real income will be increased. in scopeIt was reported that the integration of SGK and Risk Center information sets will be ensured.
How is the credit card limit determined?
In the current application, the total credit card limit in all banks is twice the average monthly net income in the first year of card ownership, In subsequent years, it cannot exceed four times the monthly income.
However, it has been said that banks have recently been applying card limits well above income.
Treasury and Finance Minister Mehmet Şimşek stated in March that banks must comply with the rules when determining credit card limits.
