The scope for credit card and consumer loan restructurings has been expanded.

The Banking Regulation and Supervision Agency (BRSA) has expanded the scope of credit card and consumer loan restructurings.

The institution announced that the decision was taken to 'ensure financial stability' .

The decisions are as follows:

* Credit cards with partially or fully outstanding outstanding balances by the due date can be restructured for a maximum of 48 months upon request. This includes credit cards that have already been restructured.

* Banks will not be able to increase credit card limits until 50 percent of the debt is paid during restructuring.

* The delay period in consumer loan restructuring has been updated from 'exceeding 30 days' to 'any delayed payment' .

* For both credit cards and consumer loans, the debt balance as of the restructuring date will now be taken into account. Even if there is no delay, loans restructured before the decision date (referring to the BRSA's decision on July 11) will be eligible for restructuring.