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The latest issue of the Banking & Finance Quarterly, prepared by the Hergüner Banking & Finance team and highlighting the latest sector developments, is now live!
This Quarterly, which sheds light on the last quarter of 2025, includes:
- Recent Sectoral Developments
- FinTech Sector
- Capital Markets
- Banks and Other Financial Institutions
Explore detailed insights in these areas and more!
Turkey's Q4 2025 Banking & Finance: Regulatory Transformation and Digital Innovation
Turkey's financial sector experienced major regulatory shifts in Q4 2025, including a landmark Constitutional Court decision on foreign exchange authority, enhanced FATF compliance through the new PWMD Financing Guide, and accelerated digital finance innovation.
Key Developments:
The Constitutional Court annulled Presidential authority over foreign exchange and precious metals transactions, reinforcing legislative oversight. TCMB released its Digital Turkish Lira Second Phase Progress Report and launched the innovative "Payments Hub" platform. Reserve requirement ratios underwent substantial simplification while the foreign exchange conversion support rate remains at 3% through April 2026.
Capital markets saw the establishment of CMB's Financial Technologies Department, finalized crowdfunding regulations, and professional investor thresholds raised to TRY 10 million. BRSA unveiled its 2025-2028 strategic roadmap emphasizing Basel IV compliance and digital supervision.
Major transactions include QNB Türkiye's landmark USD 100 million Climate Transition Bond with IFC, EUR 350 million railway financing from Asian Infrastructure Investment Bank, and USD 440 million from UAE banks. The withholding tax regime on securities income was extended through 2030, and Turkey moves toward alignment with EU's Payment Services Regulation (PSR) framework.
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