Search for:

In brief

Recent development

The Banking Regulatory and Supervisory Authority (BRSA) has taken a new measure regarding the COVID- 19 outbreak in its decision dated 16 AprilĀ 2020 and no. 8999.



Regarding bank’s standard approach to the calculation of the principal amount subject to credit risk, the 0% risk weight may be applied to foreign currency denominated receivables held by the Centralized Administration of Republic of Turkey, like for Turkish lira denominated receivables.

ConclusionThe BRSA aims to soften the expected disruptions of the COVID-19 pandemic on banking activities by providing flexibility in credit provisions.

Please stay up to date with further developments through the Esin Attorney Partnership helpdesk on COVID-19.

Click here to access the full alert in English and in Turkish.


Muhsin Keskin leads the Banking & Finance and Capital Markets practices of Esin Attorney Partnership Istanbul. Mr. Keskin was recommended by Legal 500 in the areas of Banking & Finance and Capital Markets. He publishes and speaks regularly on topics relating to banking and finance, capital markets, and mergers and acquisitions. Mr. Keskin focuses his practice on banking and finance, securities law, and mergers and acquisitions. He particularly handles matters on acquisition finance, project finance, loans and credit facilities, securitization and structured finance, asset finance, and Islamic finance. He also provides financial services and regulatory advice, assists clients on equity offerings, debt offerings, derivatives, investment funds, compliance and corporate governance, and public company mergers and acquisitions. Mr. Keskin advises international and Turkish banks, large energy and infrastructure companies.