There has been an important development in recent years with regard to the application of the Currency Protected Deposit (CCM). According to Ekonomim news, the banking industry has ended the service of opening a KKM account with a return of foreign currency through digital channels.

Facing regulations pending simplification by the Central Bank, and Attempts to convert the deposit from KKM to TL The sector has taken this step as a first step after meetings and meetings with the Central Bank.

The KKM service from branches will continue to exist, but cannot be run from mobile applications and internet branches.

The news, based on industry sources, is now mobile application and internet affiliates Make KKM with foreign currency conversion to convince the saver turned out to be closed. It was indicated that the service from the branches will continue. It was also among the information shared by the sources that KKM clients wanted to be persuaded to return to TL deposits so that face-to-face meetings branches were more appropriate.

On the other hand, in the new double interest It was indicated that there is a possibility of implementation. According to Ekonomim, a source noted that low interest rates could be given to depositors who were only TL deposit customers and had never been with KKM, and high interest to attract TL term deposits for those who owe KKM.

The size of KKM reached 3.36 trillion lira. Calculations show that 70% of the total KKM accounts are converted into foreign currencies. Data from the Bank Regulation and Supervision Agency (BDDK) shows that the percentage of currency-backed deposits out of total deposits is 26%.