The National Bank on Wednesday directed banks and financial institutions to implement this provision of monetary policy.
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By taking a loan from banks and financial institutions by pledging shares of companies with good financial condition, you will get a loan of up to 80 percent of the prescribed value. The National Bank has instructed banks and financial institutions on Wednesday to implement this provision of monetary policy.
‘A method should be determined so that the loan-to-value ratio of the shares of the company with a high valuation based on the strength assessment can be increased by a maximum of 10 percentage points,’ the directive said.
The size of the paid-up capital, the minimum period of securities listing, the status and period of profit and dividend distribution, credit rating, compliance with regulatory provisions, and whether or not a regular general meeting has been held have been prescribed to determine the strength of the company. The bank should place such information on its website.
‘Once a loan has been disbursed, the shares secured by such a loan cannot be revalued and additional loan limits cannot be set or additional loans can be provided on that basis,’ the directive said.
