- Earlier this year, the cap was increased 14% to 18% due to declining inflation, tight monetary conditions, and improved supply-side factors.
- Prior to the cap, annual credit growth in the banking sector averaged over 25%, with some major banks exceeding 30%.
- As part of the reforms, the government will introduce market-oriented Treasury bonds to replace the current system, which requires banks to purchase bonds at a fixed interest rate of 9%. This directive, implemented in November 2022 will be repealed by June 2025.
News - Financial
NBE plans to eliminate the cap on private sector credit growth by the end of September 2025
