Following the decision of the Central Bank's repo rate cut was 8 percent reserve requirement.

The Central Bank re-organized the required reserve ratios.

Published in the Official Gazette and implemented from the date of January 7, 2011 with the Turkish lira liabilities Mandatory Provisions Pertaining to the required reserve ratio will change from 5 to 8 percent. This rate, foreign currency liabilities as 11 percent will continue to apply.

This new legislation required reserve ratios as of January 7, 2011 will be as follows:

Turkish lira liabilities:

-Demand, notice deposits and current accounts special: 8 percent

-1 up to month term deposits, accounts of participation (1 month included): 8 percent

-3 months time deposits, participation accounts (including 3 months): 7 per cent

-6 months time deposits, participation accounts (including 6 months): 7 per cent

-1 year term deposits, accounts of participation: 6 percent

-1 year, and long-term deposits less than 1 year, cumulative deposits with sharing accounts, accounts of participation: 5 Percent

-Deposits, other than participation fund liabilities: 8 percent

-Special fund pools corresponding to the maturity of 7 percent and 5 percent

Foreign currency liabilities: 11 percent