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The Central Bank has issued the executive bylaw for Article 7 of the Law on Production and Infrastructure Financing to the banking network. This allows the use of 35 types of assets, including stock exchange securities and intellectual property from knowledge-based and innovative companies, as collateral.
Expanded Collateral Options
The directive lists 35 types of assets eligible as collateral for bank facilities. In addition to real estate, deposits, and bonds, it includes justice shares, cash subsidies, personal checks, promissory notes, digital currency, life insurance policies, vehicles, mobile phone SIM cards, and landline numbers.
Under the executive directive, asset holders can electronically register their collateral through the Comprehensive Collateral System.
Expert Concerns Over Asset Liquidity
Banking sector experts have raised concerns about some listed assets. Intangible assets such as licenses and business brands may not be easily liquidated. This could make them less suitable for securing loans.
