\u015eebnem TURHAN, Merve Y\u0130\u011e\u0130TCAN<\/strong><\/p>\n Bankac\u0131l\u0131k sekt\u00f6r\u00fc d\u00fc\u015f\u00fck faiz politikas\u0131 ile haziran sonuna kadar y\u00fczde 10 seviyesinde olan TLREF art\u0131 3-5 puan ekleme ile \u00f6zel sekt\u00f6re de\u011fi\u015fken faizli ticari kredi kulland\u0131r\u0131rken \u015fimdi TLREF y\u00fczde 34\u2019\u00fc a\u015ft\u0131, ayl\u0131k taksitler ise 7 -15 g\u00fcnde bir g\u00fcncellenmeye ba\u015flad\u0131.<\/p>\n Cumhurba\u015fkanl\u0131\u011f\u0131 se\u00e7imleri \u00f6ncesinde uygulanan d\u00fc\u015f\u00fck faiz<\/a> politikas\u0131 \u00f6zel sekt\u00f6r\u00fcn d\u00fc\u015f\u00fck faizli uzun vadeli TLREF\u2019e endeksli de\u011fi\u015fken faizli kredi kullan\u0131m\u0131n\u0131 da art\u0131rd\u0131. Se\u00e7imlerin ger\u00e7ekle\u015ftirildi\u011fi may\u0131sta bankalar TLREF art\u0131 3-5 puan seviyesinde faiz oranlar\u0131 ile kredi kulland\u0131r\u0131rken bu kredilerin ayl\u0131k taksitleri TLREF oranlar\u0131 y\u00fczde 34\u2019e y\u00fckseldi\u011finde \u00f6zel sekt\u00f6re maliyet olarak geri d\u00f6nd\u00fc. \u00d6yle ki TLREF oynakl\u0131\u011f\u0131n\u0131n da artmas\u0131 nedeniyle art\u0131k bankac\u0131l\u0131k sekt\u00f6r\u00fc ayl\u0131k taksitlerde yapt\u0131klar\u0131 g\u00fcncellemeyi 7 ila 15 g\u00fcnde bire kadar d\u00fc\u015f\u00fcrd\u00fc. \u00d6zel sekt\u00f6r temsilcileri ise artan maliyetten \u015fikayet\u00e7i.<\/p>\n TLREF art\u0131 oran da y\u00fckseldi TLREF yani T\u00fcrk Liras\u0131 Gecelik Referans Faiz Oran\u0131, finansal sistem taraf\u0131ndan eri\u015filebilir ve uluslararas\u0131 standartlarla uyumlu bir referans faiz oran\u0131 olarak repo piyasas\u0131nda \u00e7ok y\u00fcksek hacmin ge\u00e7ti\u011fi gecelik i\u015flemlerden Borsa \u0130stanbul taraf\u0131ndan hesaplan\u0131yor. Bu oran 2023’e y\u00fczde 9’un bile alt\u0131nda ba\u015flayan TLREF oran\u0131 \u015fubat, mart aylar\u0131nda y\u00fczde 8,45 seviyelerinde bulunuyordu. Nisan, may\u0131s ve haziran ay\u0131nda ise y\u00fczde 10 seviyesine y\u00fckseldi. Ayl\u0131k ortalamaya bak\u0131ld\u0131\u011f\u0131nda may\u0131sta ortalama y\u00fczde 10 olana TLREF oran\u0131, haziranda y\u00fczde 16,45, temmuzda y\u00fczde 16,65, a\u011fustosta y\u00fczde 23,72, eyl\u00fclde y\u00fczde 31,49, ekimde y\u00fczde 33,53’e y\u00fckselirken kas\u0131mda y\u00fczde 34’\u00fc ge\u00e7ti. May\u0131sa kadar kulland\u0131r\u0131lan krediler TLREF art\u0131 5 seviyesinde yani y\u00fczde 15 faiz oran\u0131 ile t\u00fczel m\u00fc\u015fterilere sunuldu. Ancak yeni ekonomi<\/a> y\u00f6netimi ve Merkez Bankas\u0131\u2019n\u0131n politika faizinde yapt\u0131\u011f\u0131 art\u0131r\u0131mlar ile parasal s\u0131k\u0131la\u015ft\u0131rma TLREF oranlar\u0131n\u0131n da h\u0131zla y\u00fckselmesine neden oldu. Ayr\u0131ca bankac\u0131l\u0131k sekt\u00f6r\u00fc art\u0131k TLREF art\u0131 5 ile de\u011fil TLREF art\u0131 7-10 faiz oran\u0131 ile kredi kulland\u0131rmaya ba\u015flad\u0131.<\/p>\n TLREF oranlar\u0131 haziran sonunda ilk politika faizi art\u0131r\u0131m\u0131 ile beraber y\u00fczde 16’n\u0131n \u00fczerine \u00e7\u0131karken temmuz ay\u0131nda yeniden y\u00fczde 13,5 seviyesine geriledi. A\u011fustos ay\u0131 y\u00fczde 20’nin alt\u0131nda 16,5-18 seviyelerinde ge\u00e7erken temmuz politika faizi art\u0131r\u0131m\u0131n\u0131n ard\u0131ndan y\u00fczde 20’nin \u00fczerine y\u00fckseldi. Eyl\u00fcl ile beraber TLREF oran\u0131 y\u00fczde 26,5’i a\u015ft\u0131 eyl\u00fcl sonunda bu oran y\u00fczde 31,5’i ge\u00e7ti. Ekim ay\u0131nda ise y\u00fczde 30’un alt\u0131na gerileyen TLREF kas\u0131m ile beraber y\u00fczde 34’\u00fc ge\u00e7ti.<\/p>\n T\u00fcm bu y\u00fckseli\u015fler de\u011fi\u015fken faizli yap\u0131s\u0131yla \u00f6zel sekt\u00f6r\u00fcn may\u0131sta y\u00fczde 15 seviyesinde olan faiz y\u00fck\u00fc kas\u0131m ba\u015f\u0131nda y\u00fczde 40\u2019\u0131 a\u015ft\u0131. Bankac\u0131l\u0131k sekt\u00f6r\u00fc kaynaklar\u0131 TLREF oranlar\u0131nda oynakl\u0131\u011f\u0131n artt\u0131\u011f\u0131n\u0131 hat\u0131rlatarak TLREF’e endeksli kredilerin geri \u00f6demesinde taksitlerin faiz oran\u0131na g\u00f6re de\u011fi\u015fti\u011fini s\u00f6yledi. Sekt\u00f6r kaynaklar\u0131 aydan aya TLREF \u00e7ok fazla de\u011fi\u015fti\u011fi i\u00e7in faiz oran\u0131 g\u00fcncellemeyi 7-15 g\u00fcne kadar indirildi\u011fini dile getirdi.<\/p>\n TOBB Haz\u0131r Giyim ve Konfeksiyon Sekt\u00f6r\u00fc Meclis Ba\u015fkan\u0131 \u015eeref Fayat, faizlerin y\u00fckseli\u015f e\u011filiminde oldu\u011fu bir ortamda, bankalar\u0131n da Merkez Bankas\u0131\u2019n\u0131n politika faizini daha da art\u0131raca\u011f\u0131 beklentisi ile hareket etti\u011fini, dolay\u0131s\u0131yla faizleri s\u00fcrekli g\u00fcncelledi\u011fini s\u00f6yledi. Kredi kanallar\u0131 a\u00e7\u0131lmaya devam etse de kredi maliyetlerinin de bir s\u00fcre daha artmaya devam edece\u011fine i\u015faret eden Fayat, \u201cY\u0131lsonuna kadar faizlerde y\u00fckseli\u015f ve g\u00fcncelleme e\u011filiminin s\u00fcrece\u011fine inan\u0131yorum. Dolay\u0131s\u0131yla y\u0131lba\u015f\u0131na kadar faizlerin \u2018y\u00fckselme stresi\u2019 devam edecek. Yeni y\u0131lla birlikte art\u0131k beklenti ve maliyet enflasyonunun durdu\u011funu hissetti\u011fimiz anda faiz art\u0131\u015flar\u0131n\u0131n yava\u015flayaca\u011f\u0131n\u0131 g\u00f6rece\u011fiz. Bu y\u00fczden \u015fu anda TL reeskont kredileri \u00e7ok k\u0131ymetli, \u00e7\u00fcnk\u00fc maliyeti politika faizinin \u00fczerine \u00e7\u0131km\u0131yor. TL reeskont faizi bile\u015fikte y\u00fczde 35\u2019e ula\u015f\u0131rken, ticaride her g\u00fcn de\u011fi\u015fen oranlar var, yer yer bu faizin y\u00fczde 60\u2019a hatta y\u00fczde 70\u2019e kadar \u00e7\u0131kt\u0131\u011f\u0131n\u0131 duydu\u011fumuz durumlar oldu. Bu \u015fekilde i\u015fletmelerin nakit ak\u0131\u015flar\u0131n\u0131 y\u00f6netmeleri \u00e7ok zor\u201d ifadelerini kulland\u0131.<\/p>\n \u0130stanbul T\u00fcccarlar Kul\u00fcb\u00fc Ba\u015fkan\u0131 \u0130lker \u00d6nel, se\u00e7imlerden kamu bankalar\u0131n\u0131n ticari kredi maliyetlerinin TL REF art\u0131 2-3 \u015feklinde oldu\u011funu, ortalama maliyetin y\u00fczde 18-20 aras\u0131nda de\u011fi\u015fti\u011fini hat\u0131rlat\u0131rken, se\u00e7im sonras\u0131 i\u00e7 talebi yava\u015flatma ve s\u0131k\u0131la\u015fma s\u00fcrecinin s\u00fcrekli y\u00fckselen kredi maliyetleri nedeniyle reel sekt\u00f6r\u00fc olduk\u00e7a zora soktu\u011funu s\u00f6yledi. Faizlerin y\u00fckselmesini beklediklerini ancak bu kadar h\u0131zl\u0131 olaca\u011f\u0131n\u0131 tahmin etmediklerini dile getiren \u00d6nel, \u015fu anda reel sekt\u00f6r\u00fcn en fazla kulland\u0131\u011f\u0131 ticari kredilerde ortalama maliyetin kamu bankalar\u0131nda y\u00fczde 45-50 aras\u0131nda de\u011fi\u015fti\u011fini, \u015fu anda ger\u00e7ekten zorda olanlar\u0131n kredi talebinde bulundu\u011funu, bu maliyetlerle i\u00e7eride ve d\u0131\u015far\u0131da rekabet etmenin m\u00fcmk\u00fcn olmad\u0131\u011f\u0131n\u0131 belirtti. \u00d6n\u00fcm\u00fczdeki d\u00f6nemde bu s\u0131k\u0131la\u015ft\u0131rma e\u011filiminin devam edece\u011fi beklentisinin, kredi faizlerinde g\u00fcncellemeleri de art\u0131rd\u0131\u011f\u0131n\u0131 kaydeden \u00d6nel, \u201c\u00d6zellikle KOB\u0130\u2019ler i\u00e7in finansman taraf\u0131 \u015fu an kapal\u0131 gibi\u2026 Firmalar \u00fcretim yapmakta dahi zorlan\u0131yorlar. Hammadde ihtiya\u00e7lar\u0131n\u0131 bu \u015fekilde fonlarlard\u0131, ama bu maliyetlerle o da m\u00fcmk\u00fcn olmuyor. Firmalar \u00fcretim yapmakta dahi zorlan\u0131yorlar\u201d diye konu\u015ftu.<\/p>\n<\/p><\/div>\nFaiz maliyeti s\u00fcrekli art\u0131yor<\/h3>\n
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<\/p>\n\u00c7ok zorda olan ticari kredi al\u0131yor<\/h3>\n