In a significant move to bolster the banking sector, Turkey's Central Bank has announced an extension of the loan growth calculation period for banks from four weeks to eight weeks. This decision aims to provide financial institutions with additional flexibility as they navigate through economic challenges and ensure the stability of the financial system.

By extending the calculation period, the Central Bank hopes to encourage banks to increase their lending activities, thereby supporting economic recovery efforts in the country. This change reflects a broader strategy to enhance liquidity and promote growth within the banking sector during turbulent economic times.